Canada’s trade deficit shrank to $966 million in April: StatsCan

Statistics Canada says the country’s merchandise trade deficit shrank to $966 million in April, the smallest deficit since October last year.

The result for the country compared with a revised trade deficit of $2.3 billion in March compared with an initial reading of $3.2 billion.

Economists had expected a deficit of $2.8 billion for April.

The smaller-than-expected deficit in April came as exports rose 1.3% in the month to $50.7 billion, as exports of metal and non-metallic mineral products climbed 15.0%, boosted exports of gold.

Imports fell 1.4% in April to $51.7 billion as imports of aircraft and other transportation equipment and parts fell 23.6%.

In volume terms, exports were up 2.0%, while imports fell 1.9%.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.