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Canada reports shrinking trade deficit in March, with exports to U.S. down due to tariffs.
In March, Canada reported a $506 million merchandise trade deficit, down from a $1.4 billion deficit in February.
Exports to the U.S. fell 6.6% due to new tariffs, but exports to other countries increased by 24.8%.
Overall exports edged down 0.2% to $69.9 billion, while imports fell 1.5% to $70.4 billion.
Canada's trade surplus with the U.S. was $8.4 billion, a drop from $10.8 billion in February.
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Canadá informa de una reducción del déficit comercial en marzo, con una disminución de las exportaciones a Estados Unidos debido a los aranceles.