BUSINESS

Canada's Trade Deficit At A Surprisingly Wide $3 Billion In April

06/03/2015 09:21 EDT | Updated 06/03/2016 05:59 EDT
CP
OTTAWA - Statistics Canada says the country had a $3 billion trade deficit in April.

The April deficit was much bigger than the $2.1-billion deficit that economists had estimated, according to Thomson Reuters, but an improvement over the previous month.

Statistics Canada's revised estimate of March trade deficit was $3.9 billion, compared with an initial reading of $3 billion.

Statistics Canada says imports in April fell 2.5 per cent to $44.9 billion on lower imports of consumer goods as well as metal and non-metallic mineral products.

Import volumes fell 1.8 per cent while prices slipped 0.8 per cent.

Meanwhile, exports were down 0.7 per cent at $41.9 billion.

An increase energy exports was offset by declines in consumer goods, forest products and building and packaging materials. Export volumes increased 0.5 per cent, while prices declined 1.2 per cent.

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