Go to the Globe and Mail homepage

Jump to main navigationJump to main content

File photo of trucks moving containers in Vancouver. (Chuck Stoody/The Canadian Press)
File photo of trucks moving containers in Vancouver. (Chuck Stoody/The Canadian Press)

Canadian trade deficit narrows to $152-million in May Add to ...

Statistics Canada says merchandise exports grew by 3.5 per cent in May, while imports rose 1.6 per cent, cutting the trade deficit with the world to $152-million from $961-million in April.

Economists had expected a deficit of about $250-million, according to Thomson Reuters.

Statistics Canada says exports increased to $44.2-billion, the second highest value on record, led by motor vehicles and parts.

More Related to this Story

Imports rose to $44.3-billion, with vehicles and parts as well as metal ores and non-metallic minerals, leading the way.

Exports to the United States rose 2.1 per cent $33.5-billion in May, while imports slipped 0.2 per cent to $28.7-billion, raising the trade surplus with the U.S. to $4.8-billion from $4-billion in April.

Exports to countries other than the United States grew 8.3 per cent to $10.7-billion, while imports from those countries rose 5.1 per cent to $15.6-billion, narrowing that trade deficit to $4.9-billion from $5-billion in April.

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular