Canada April trade balance -$1.05 billion vs -$1.40 billion expected

• Prior -$2.28 billion; revised to -$1.99 billion
• Exports $64.45 billion
• Prior $62.56 billion; revised to $62.81 billion
• Imports $65.50 billion
• Prior $64.84 billion; revised to $64.80 billion

The Canadian trade deficit eased in April as exports grew by 2.6%, with the export of energy products being the main contributor. Of note, natural gas exports rose by ~60% to return to more typical levels following a low in March. Imports also rose on the month but less so by 1.1%.

This article was written by Justin Low at www.forexlive.com.