Canada April Trade Gap Is 2nd-Widest Ever After March Record
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Canada posted its second-largest merchandise trade deficit ever in April, narrowing from a record shortfall in March as imports fell faster than exports.
The deficit of C$2.97 billion ($2.39 billion) followed a March gap that was revised to C$3.85 billion from an initial C$3.02 billion, Statistics Canada said Wednesday in Ottawa. Economists surveyed by Bloomberg forecast an April deficit of C$2.15 billion, the median of 16 forecasts.