Statistics Canada Says Merchandise Trade Deficit $2.3 Billion in March

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Statistics Canada says the country posted a merchandise trade deficit of $2.3 billion in March.

The agency says it was the largest trade deficit since June 2023 and followed a surplus of $476 million in February.

Total exports fell 5.3 percent in March to $62.6 billion as exports of unwrought gold, which surged in February, came back down.

Exports of metal and non-metallic mineral products decreased 17.4 percent in March.

Meanwhile, imports fell 1.2 percent to $64.8 billion as imports of electronic and electrical equipment and parts fell 8.1 percent.

In volume terms, total exports fell 4.7 percent, while total imports decreased 1.2 percent.