Statistics Canada says the nation posted a merchandise commerce deficit of $1.1 billion in March as imports climbed to their highest stage since Might 2019.
The commerce deficit for the month adopted two consecutive month-to-month commerce surpluses together with $1.4 billion in February and practically $1.3 billion in January.
Statistics Canada says complete imports rose 5.5 per cent in March to $51.8 billion as 11 of the sectors tracked climbed greater.
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Imports of vitality merchandise rose 54.7 per cent as imports of refined petroleum merchandise totalled $726 million in March in contrast with $279 million in February, because of greater imports of motor gasoline. Crude oil imports rose 19.4 per cent.
In the meantime, exports edged up 0.3 per cent in March to $50.6 billion as exports of motor autos and components rose 10.2 per cent within the month.
In quantity phrases, complete imports elevated 7.0 per cent in March, whereas the quantity of exports fell 0.3 per cent.
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