Statistics Canada reports country posted $1B merchandise trade deficit for April
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Canada posted a merchandise trade deficit of $1.0 billion in April, as exports of natural gas and crude oil climbed higher, Statistics Canada said Thursday.
The agency said the result comes after a revised deficit of $2.0 billion for March compared with an initial reading that showed a deficit of $2.3 billion for the month.
Total exports in April increased 2.6 per cent to $64.4 billion in April, helped by a 2.7 per cent increase in exports of energy products.
Exports of natural gas rose 60.1 per cent in April as Statistics Canada said they returned to more typical levels following a low in March, related in part to milder-than-usual temperatures in the northeastern United States.
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