Statistics Canada reviews $1.5 billion merchandise commerce surplus for April – Enterprise Information

Commerce surplus shrinks

The Canadian Press – | Story: 371131

Statistics Canada says the nation’s merchandise commerce surplus fell to $1.5 billion in April as each imports and exports hit file highs, helped larger by rising costs.

The company says the end result in contrast with revised surplus of $2.3 billion in March.

Whole imports in April rose 1.9 per cent to $62.8 billion as imports of client items gained 5.5 per cent with the clothes, footwear and equipment subcategory up 24.2 per cent.

In the meantime, whole exports gained 0.6 per cent to return in at $64.3 billion for April.

Exports of client items rose 5.0 per cent, boosted by ready and packaged seafood merchandise which gained 52.4 per cent due largely to robust crab costs, whereas the amount of crab exported additionally contributed to the rise.

In quantity phrases, imports fell 0.4 per cent in April, whereas exports dropped 2.1 per cent.