“Canada’s merchandise trade deficit with the world totalled $2.8 billion in May, widening from a $1.9 billion deficit in April,” Statistics Canada reported on Friday.
- Imports rose 1.7% in May to $51.1 billion. Year over year, total imports were up 3.5%.
- Total exports edged down 0.1% to $48.3 billion in May, mainly due to lower exports of motor vehicles and parts as well as metal ores and non-metallic minerals. Year over year, total exports were essentially unchanged.
- Imports from countries other than the United States rose 2.9% in May to $18.5 billion.
- Imports from the United States rose 1.0% in May to $32.6 billion, while exports to the United States fell 0.2% to $35.9 billion.
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