
Canada posted a lower-than-expected trade deficit of Can$152 million (US$142.7 million) in May, amid sustained increases in automotive exports, the government statistics agency said Thursday.
Exports were up 3.5 percent compared to April, while imports climbed 1.6 percent over the same period, Statistics Canada said.
Foreign sales of vehicle and auto parts advanced 9.8 percent in a fourth consecutive month of growth, totaling Can$6.6 billion.
Energy product exports meanwhile rose 3.4 percent to Can$10.9 billion while exports of consumer goods advanced 4.4 percent to a record Can$4.8 billion.
Imports of motor engines and motor vehicle parts was up 7.5 percent, driving imports for the overall motor vehicle and parts sector which was up 6.7 percent with Can$7.8 billion in May.
Import of metal ores and non-metallic minerals soared 44.5 percent to Can$1.0 billion "on higher volumes," the agency noted.
Declining 3.6 percent, imports of energy products fell to Can$3.6 billion.
Meanwhile, the trade surplus with the United States increased from Can$4.0 billion in April to Can$4.8 billion in May due to higher automotive exports.
Exports to other countries other than the United States climbed 8.3 percent, while imports from those same countries climbed 5.1 percent.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor