Falling Exports Keep Canada in Trade Deficit for Third Month

Canada recorded a goods trade deficit for the third straight month in May, the longest streak in nearly a year.

The country’s trade deficit widened to C$1.9 billion ($1.4 billion) that month from C$1.3 billion in April, Statistics Canada reported Wednesday in Ottawa. Economists had expected imports to exceed exports by C$1.3 billion in May, according to a Bloomberg survey.