Canada’s exports surged to record high in March
Statistics Canada said exports rose 3.8 per cent in March to $47 billion, powered by higher shipments of energy products and consumer goods
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OTTAWA—Statistics Canada says exports rose to a record high in March as the country’s trade deficit narrowed to $135 million.
Economists had expected a deficit of $800 million, according to Thomson Reuters.
The new figures follow a deficit of $1.1 billion the month before.
Exports rose 3.8 per cent in March to $47 billion, due to higher shipments of energy products and consumer goods.
Exports of energy products gained 7.0 per cent to $8.7 billion, while consumer goods were up 6.8 per cent to $6.1 billion.
Imports increased 1.7 per cent to $47.1 billion, mainly due to unwrought gold.