Canada trade deficit widened to CAD -2.7b in February, from CAD -1.9b. Imports rose 1.9% mom, 3.5% yoy to CAD 48.6b, with energy products leading the way. On the other hand, exports rose 0.4% mom, 1.5% yoy to CAD 45.9b, primarily on higher exports of passenger cars and light trucks.
Canadian trade with the US rebounded after two months of decline. Imports from the US rose 3.3% mom to CAD 32.1b, mostly on aircraft. Exports to the US rose 1.9% mom to CAD 34.6b, mainly on passenger cars and light trucks. Canada’s trade surplus with the US narrowed from CAD 2.9b in January to USD 2.6b in February.
