Investing.com - Canada's trade deficit widened more than expected in February, as exports declined 5.4% while imports fell 2.6%, official data showed on Tuesday.
In a report, Statistics Canada said that Canada’s trade deficit was C$1.91 billion in February, compared to a deficit of C$0.63 billion in January, whose figure was revised from a previously reported deficit of C$0.66 billion.
Analysts had expected Canada to post a trade deficit of C$0.90 billion in September.
Total exports fell 5.4% to C$43.7 billion in February, after reaching a record high in January. Consumer goods and energy products lead the decline.
On the other side of the ledger, total imports decreased 2.6% to C$45.6 billion in February in a widespread decline. There were lower imports in 9 of 11 sections, led by energy products. However, year over year, total imports increased 2.3%.
USD/CAD was trading at 1.3204 from around 1.3172 ahead of the release of the data.
The U.S. trade deficit was published at the same time.