Mexico swung to a bigger-than-expected trade surplus in April powered by record exports, as U.S. demand helped to fuel a recovery in Latin America's second largest economy, official data showed on Tuesday.
(Adds economist comments, Canadian dollar update)
OTTAWA, May 4 (Reuters) - Canada’s trade balance shifted back to a deficit in March following two consecutive months of surplus as imports jumped significantly while exports edged up slightly, Statistics Canada said on Tuesday.
Canada’s trade deficit with the world was C$1.1 billion ($892.21 million) in March. Analysts polled by Reuters had predicted a surplus of C$700 million after a revised C$1.42 surplus in February.
Imports rose 5.5% to their highest level since May 2019, driven by energy imports, though all 11 sectors posted increases, Statistics Canada said. Exports edged up 0.3%, mostly on motor vehicles and parts, offset by falling energy exports.
Canada's trade balance shifted back to a deficit in March following two consecutive months of surplus as imports jumped significantly while exports edged up slightly, Statistics Canada said on Tuesday.