Investing.com - Financial Markets Worldwide

Canada trade deficit narrows in line with expectations

Published 07/12/2011, 08:49 AM
USD/CAD
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Investing.com – Canada’s trade deficit narrowed broadly in line with market expectations in May, official data showed on Tuesday.

In a report, Statistics Canada said that Canada’ trade surplus narrowed to CAD0.8 billion in May, in line with expectations, after posting a deficit of CAD0.9 billion in April.

Canada's exports increased 1.2% to CAD36.9 billion in May, while imports rose 1.1% to CAD37.8 billion.

Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.11% to trade at 0.9678.

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