Canada's trade deficit ballooned to a record $4.1 billion in March as an import surge in consumer goods, cars and car parts far outweighed Canadian exports. Imports of consumer goods also rose to a record $11 billion during the month. While Canada has a trade deficit with the world, with the United States the country has a trade surplus in goods. It's important to note, however, that the trade numbers the data agency put out on Thursday only include trade in goods. The Bank of Canada recently said the data agency will soon start monitoring and releasing numbers that include trade in services, too.

Source: CBC News May 03, 2018 14:03 UTC