Statistics Canada says trade deficit hit record $4.1 billion in March
The result compared with a trade deficit of $2.9 billion in February
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OTTAWA—Statistics Canada says the trade deficit for March increased to a record $4.1 billion as imports also reached a record high.
The agency says the result compared with a trade deficit of $2.9 billion in February.
Canadian imports climbed six per cent to $51.7 billion in March due to the motor vehicles and parts sector as well as consumer goods.
Meanwhile, exports increased 3.7 per cent to $47.6 billion boosted by the aircraft and other transportation equipment and parts sector as well as farm, fishing and intermediate food products and energy products.
Exports excluding energy products rose 3.6 per cent.
In volume terms, imports rose 5.3 per cent and exports grew three per cent.