Statistics Canada Reports Country Posted $1B Merchandise Trade Deficit for April

Canada posted a merchandise trade deficit of $1.0 billion in April, as exports of natural gas and crude oil climbed higher, Statistics Canada said on June 6. The agency said the result comes after a revised deficit of $2.0 billion for March compared with an initial reading that showed a deficit of $2.3 billion for the month. Total exports in April increased 2.6 percent to $64.4 billion in April, helped by a 2.7 percent increase in exports of energy products. Exports of natural gas rose 60.1 percent in April as Statistics Canada said they returned to more typical levels following a low in March, related in part to milder-than-usual temperatures in the northeastern United States....