Canada’s trade deficit shrinks slightly to $3.21-billion on higher energy exports

. Exports of passenger cars and light trucks rebounded by 8.4 per cent after dropping in February on lower auto output.Imports increased by 2.5 per cent to a record $52.26-billion as imports of consumer goods such as clothing, footwear and accessories rose by 6.7 per cent. Imports of airliners plunged by 50.7 per cent on a slowdown in deliveries of U.S. aircraft.

Canada sent 74.2 per cent of all its goods exports to the United States in March. Exports to the United States rose by 1.3 per cent while imports shrank by 0.4 per cent and as a result, the bilateral trade surplus grew to $3.62-billion from $2.99-billion in February.

globebusiness Trade deficit 'shrank' because the previous month had a downward revision of half a $Billion! These are BAD numbers. This means the Bank of Canada strategy of a lower $CAD stimulating exports has failed due to Trudeau Liberal economic mismanagement. cdnpoli cdnecon economy

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