Canada’s trade deficit narrows to six-month low as imports fall, exports grow

Canada’s trade deficit in April narrowed to the lowest in six months as imports slumped and exporters continued to show signs of strength. The merchandise trade gap narrowed to $1.90 billion (US$1.5 billion), half the $3.93 billion gap recorded a month earlier, Statistics Canada reported Wednesday in Ottawa. Imports fell 2.5 per cent, paring back strong gains in March. Exports advanced 1.6 per cent, the sixth gain in the past seven months.