Statistics Canada says the nation posted a merchandise commerce deficit of $1.1 billion in March as imports climbed to their highest stage since Might 2019.
The commerce deficit for the month adopted two consecutive month-to-month commerce surpluses together with $1.4 billion in February and practically $1.3 billion in January.
Statistics Canada says whole imports rose 5.5 per cent in March to $51.8 billion as 11 of the sectors tracked climbed larger.
Imports of vitality merchandise rose 54.7 per cent as imports of refined petroleum merchandise totalled $726 million in March in contrast with $279 million in February, because of larger imports of motor gasoline. Crude oil imports rose 19.4 per cent.
In the meantime, exports edged up 0.3 per cent in March to $50.6 billion as exports of motor automobiles and elements rose 10.2 per cent within the month.
In quantity phrases, whole imports elevated 7.0 per cent in March, whereas the amount of exports fell 0.3 per cent.
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