61813
Canada Posts $972m Trade Deficit
Canada Posts $972m Trade Deficit

Canada Posts $972m Trade Deficit

Canada Posts $972m Trade Deficit

Canada’s trade balance changed direction in February, as the economy posted a trade deficit of $972 million after three straight monthly surpluses, CBC News reported. Statistics Canada reported Tuesday that imports only increased by a little bit, 0.6% to be precise. But the balance flipped to a sizable deficit because exports plunged, as 8 out of 11 subsectors tracked by the data agency were lower. All in all, exports were down by 2.4% to $45.3 billion from January’s record high level. Just about everything was lower, including farm, fishing and intermediate food products, aircraft and other transportation equipment and parts, as well as consumer goods.

 

Short URL : https://goo.gl/LKYQwF
  1. https://goo.gl/T8rUxW
  • https://goo.gl/lwQgy4
  • https://goo.gl/0sq3xi
  • https://goo.gl/U3lMgK
  • https://goo.gl/1qFbPJ

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus