Investing.com – Canada’s trade deficit narrowed more-than-expected to post a flat reading in March, official data showed on Thursday.
In a report, Statistics Canada said that Canada’ trade deficit was flat in March, narrowing from a deficit of CAD1.2 billion in February.
Analysts had expected Canada’s trade deficit to narrow to CAD0.7 billion.
Exports rose to CAD40.5 billion, 5.1% higher than last month, while imports rose 1.7% to CAD40.4 billion.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.14% to trade at 1.0069.
In a report, Statistics Canada said that Canada’ trade deficit was flat in March, narrowing from a deficit of CAD1.2 billion in February.
Analysts had expected Canada’s trade deficit to narrow to CAD0.7 billion.
Exports rose to CAD40.5 billion, 5.1% higher than last month, while imports rose 1.7% to CAD40.4 billion.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.14% to trade at 1.0069.