Friday, October 24th2.8°C
23888
23129

Trade deficit up to $567 million in April

Statistics Canada says merchandise imports rose 1.2 per cent in April, while exports edged down 0.2 per cent, pushing the trade deficit with the world to $567 million from $3 million in March.

The agency says imports rose for a fourth consecutive month to a record high of $40.8 billion, led by energy products, motor vehicles and parts and metal ores and non-metallic minerals.

Exports edged down to $40.3 billion, with decreases in metal ores and non-metallic minerals, energy products and industrial machinery, equipment and parts partly offset by a large increase in metals and non-metallic mineral products.

Imports from the United States increased 1.9 per cent to a record high of $26.2 billion, while exports to the United States grew 1.8 per cent to $30.1 billion.

The trade surplus with the United States went to $3.9 billion in April from $3.8 billion in March.

Exports to countries other than the United States fell 5.6 per cent to $10.2 billion while imports from those countries were relatively unchanged in April at $14.6 billion, pushing that trade deficit to $4.4 billion from $3.8 billion.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14486.83+174.76
S&P CDNX808.600.60
DJIA16677.90216.58
Nasdaq4452.792+69.945
S&P 5001950.82+23.71
CDN Dollar0.8919+0.0015
Gold1231.60+2.50
Oil81.16-0.59
Lumber334.10+4.50
Natural Gas3.62-0.002

 
Okanagan Companies
Pacific Safety0.11-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.0550.00
Anavex Life Sciences0.1980.00
Metalex Ventures0.04-0.01
Russel Metals33.16+0.63
Copper Mountain Mining2.08-0.02
Colorado Resources0.14-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.41+0.005

 



22970

FEATURED Property
20971495123 Lakeshore Drive
1 bedrooms 3 baths
$479,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...

_








Member of BC Press Council


23691