

News
Economy
Trade deficit grew to $1.4 billion in March: Statistics Canada
May 5, 2020
By The Canadian Press
By The Canadian Press
May 5, 2020
By The Canadian Press
By The Canadian Press
Topics

Statistics Canada says the country’s trade deficit grew to $1.4 billion in March as both exports and imports fell due to the COVID-19-related economic slowdown.
The agency says the result compared with a revised trade deficit of $894 million in February.
Economists had expected a deficit of $2 billion in March, according to financial markets data firm Refinitiv.
Statistics Canada says merchandise exports fell 4.7 per cent to $46.3 billion in March, the lowest level since January 2018, while imports fell 3.5 per cent to $47.7 billion, the lowest since October 2017.
Advertisement
Both exports and imports were down almost 10 per cent on a year-over-year basis.
In volume terms, March exports fell 4.8 per cent and imports dropped 5.8 per cent.
- Quebec-based Heroux Devtek to cut 225 aerospace jobs due to drop in demand
- Feds to unveil emergency aid for agri-food sector hit hard by pandemic
From the Bookstore