Canada Industrial Trends

Canada’s trade deficit shrank to 2.97 billion. CAD in April, marking the second largest negative balance of trade in history. Data is missed expectations because of poor performance of exports of non-energy goods – a key element in the central bank’s forecasts for growth in the rest of the year. The revised data for March showed that the greatest deficiency in the history is actually even wider. The pair USD / CAD rose 0.4% to 1.2497 after the news.