Canada posted a merchandise trade deficit of $506 million in March as exports to the U.S. fell with the implementation of new tariffs, but shipments to other countries climbed.
Statistics Canada says the result compared with a deficit of $1.4 billion in February.
Overall exports edged down 0.2 percent to $69.9 billion in March as exports to the U.S. fell 6.6 percent, but exports to countries other than the U.S. rose 24.8 percent.
Imports fell 1.5 percent to $70.4 billion as imports of metal and non-metallic mineral products dropped 15.8 percent and energy products lost 18.8 percent.
Canada’s merchandise trade surplus with the U.S. was $8.4 billion in March compared with $10.8 billion in February, while the country’s trade deficit with countries other than the U.S. was $9 billion in March compared with $12.2 billion in February….