Arab Today, arab today canada trade deficit narrows as exports rise
Last Updated : GMT 11:56:03
Arab Today, arab today
Arab Today, arab today

Canada trade deficit narrows as exports rise

Arab Today, arab today

Arab Today, arab today Canada trade deficit narrows as exports rise

Ottawa - AFP

Rising exports helped improve Canada\'s trade balance in May as the deficit with the rest of the world fell to CAN$814 million ($840 million US), Statistics Canada reported Tuesday. The figure was better than the billion-dollar deficit expected by analysts and down from a downwardly revised CAN$857 million in April. Exports rose 1.2 percent to CAN$36.9 billion, led by machinery and equipment as well as automotive products. Imports increased 1.1 percent to CAN$37.8 billion, with sectors except energy showing gains. Canada\'s trade surplus with the United States narrowed to CAN$3.7 billion from CAN$4.0 billion in April as a 0.1 percent gain in exports was offset by a 1.1 percent rise in imports.

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