Canada: trade deficit widens to $2.7 billion in February

Haresh Menghani FXStreet

“Canada's merchandise trade deficit totalled $2.7 billion in February, widening from a $1.9 billion deficit in January,” Statistics Canada reported this Thursday.

Key highlights:

• Imports rose 1.9%, mainly due to higher imports of energy products.
• Exports increased 0.4%, primarily on higher exports of passenger cars and light trucks.
• In real (or in volume) terms, imports rose 1.9% and exports were up 0.6%.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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