Investing.com - Canada’s trade deficit widened less-than-expected in April, official data showed on Tuesday.
In a report, Statistics Canada said that Canada’ trade deficit was CAD0.6 billion in April, widening from a flat trade balance in March.
Analysts had expected Canada’s trade deficit to widen to CAD1.0 billion in April.
Imports rose for a fourth consecutive month to a record high of CAD40.8 billion, 1.2% higher than in March, while exports edged down 0.2% to CAD40.3 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 lower against its U.S. counterpart, with USD/CAD adding 0.32% to trade at 1.0313.
In a report, Statistics Canada said that Canada’ trade deficit was CAD0.6 billion in April, widening from a flat trade balance in March.
Analysts had expected Canada’s trade deficit to widen to CAD1.0 billion in April.
Imports rose for a fourth consecutive month to a record high of CAD40.8 billion, 1.2% higher than in March, while exports edged down 0.2% to CAD40.3 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 lower against its U.S. counterpart, with USD/CAD adding 0.32% to trade at 1.0313.