Canada merchandise trade

The Canada Trade deficit was higher than expected at -2.7B vs -2.1B expected.

  • Prior month came in at -1.94B vs -1.91B previous reported
  • Imports rose 1.9%, mainly due to higher imports of energy products.

  • Exports increased 0.4%, primarily on higher exports of passenger cars and light trucks.

  • Following a 4.3% decline in January, total imports were up 1.9% in February to $48.6 billion, with increases in 8 of 11 sections.

  • Year over year, total imports increased 3.5%

  • Total exports edged up 0.4% to $45.9 billion in February, with increases in exports of motor vehicles and parts, and aircraft and other transportation equipment and parts.

  • Year over year, total exports were up 1.5%. Exports excluding energy products were up 0.7%

For the full report CLICK HERE.

The CAD has weakened to a new session high in the USDCAD at 1.2800, but has retraced back down to 1.2787 currently