Canada: trade deficit widens to $2.7 billion in February

“Canada's merchandise trade deficit totalled $2.7 billion in February, widening from a $1.9 billion deficit in January,” Statistics Canada reported this Thursday.

Key highlights:

   •  Imports rose 1.9%, mainly due to higher imports of energy products. 
   •  Exports increased 0.4%, primarily on higher exports of passenger cars and light trucks.
   •  In real (or in volume) terms, imports rose 1.9% and exports were up 0.6%.