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High Energy, Gold Exports Help Narrow Canada’s Trade Deficit
Canada’s merchandise trade deficit narrowed on higher energy and gold exports. The country recorded a C$1.05 billion trade deficit in April, from C$1.99 billion a month earlier, Statistics Canada reported Thursday in Ottawa. That’s in line with the median estimate of economists in a Bloomberg survey. Total exports rose 2.6% in April, while imports increased 1.1%. In volume terms, exports were up 1.7% and imports edged down 0.2%. Exports of energy products — including natural gas, crude oil and propane — jumped the most that month. Unwrought gold exports also rose, with the increase primarily attributable to ... (full story)
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- Posted: Jun 6, 2024 9:45am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,525
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