COVID-19 Sends Canadian International Trade Tumbling in April

<p>Canada’s merchandise trade deficit more than doubled, to $3.3 billion in April, following a $1.5 billion deficit in March. Both exports (-29.7%) and imports (-25.1%) registered their largest monthly drops on record. Stripping out price impacts, export volumes shrank 19.9%, and import volumes were down 24.8%. The bigger wedge between nominal and real exports was […]</p>
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