Canada’s trade surplus with the United States narrowed to $1.6 billion in April compared with $1.7 billion in March, while the trade deficit with the rest of the world narrowed to $4.5 billion compared with $4.9 billion the previous month. Imports increased 0.9 per cent to $44.7 billion, as volumes gained 0.8 per cent and prices added 0.1 per cent. Energy prices gained 9.7 per cent, but volumes fell 1.9 per cent. The gain came as exports of energy products rose 7.6 per cent to $5.0 billion in April. Article Continued BelowFor April, economists had expected a deficit of $2.45 billion, according to Thomson Reuters.

Source: thestar June 03, 2016 19:18 UTC