Thanks Trump.
Trade deficit narrows to $135M in March as exports surge to record
Canadian exports surged to a record $47 bilion in March, but the country still posted a $135 million trade deficit for the month as imports also rose.
Statistics Canada reported Thursday that exports rose 3.8 per cent in March, more than twice as much as the 1.7 per cent growth in imports.
"Energy products, consumer goods, and metal and non-metallic mineral products were responsible for the increase in exports," the data agency said.
Compared to the same month last year, exports are now almost 13 per cent higher than they were in 2016.
Most of the surge in exports is going to countries other than the United States, which is a sign that Canada's economy is diversifying. Exports to countries other than the United States rose 15.3 per cent in March to a record high $12.6 billion.
The biggest increases caem from China, India and South Korea.
Trade deficit narrows to $135M in March as exports surge to record - Business - CBC News
Trade deficit narrows to $135M in March as exports surge to record
Canadian exports surged to a record $47 bilion in March, but the country still posted a $135 million trade deficit for the month as imports also rose.
Statistics Canada reported Thursday that exports rose 3.8 per cent in March, more than twice as much as the 1.7 per cent growth in imports.
"Energy products, consumer goods, and metal and non-metallic mineral products were responsible for the increase in exports," the data agency said.
Compared to the same month last year, exports are now almost 13 per cent higher than they were in 2016.
Most of the surge in exports is going to countries other than the United States, which is a sign that Canada's economy is diversifying. Exports to countries other than the United States rose 15.3 per cent in March to a record high $12.6 billion.
The biggest increases caem from China, India and South Korea.
Trade deficit narrows to $135M in March as exports surge to record - Business - CBC News
