Canada posts trade deficit of $1.52 billion in February
OTTAWA, April 3 (Reuters) - Canada posted a trade deficit of C$1.52 billion ($1.08 billion) in February, as exports fell and imports grew slightly, Statistics Canada said on Thursday.
Due to the implementation of new software at the Canadian Border Services Agency, Statscan said that this month's data includes a greater degree of estimation.
here.
Exports were down 5.5%, on energy products, as well as motor vehicles and parts. Imports grew by 0.8%, on motor vehicles and parts, as well as industrial machinery, equipment and parts.
Following are the seasonally adjusted figures in billions of Canadian dollars:
Merchandise trade Feb Jan (rev) change pct Jan (prev)
Balance -1.519 +3.130 n/a +3.973
Exports 70.114 74.214 -5.5 74.464
Imports 71.633 71.083 +0.8 70.492
NOTE: Analysts surveyed by Reuters forecast a trade surplus of C$3.55 billion in February.
($1=$1.4124 Canadian)
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