Trade deficit grew to $1.1 billion for May: Statistics Canada

Image Courtesy of Reuters

By The Canadian Press, July 6, 2017 

OTTAWA — Statistics Canada says the country’s trade deficit grew to $1.1 billion in May compared with a $552-million deficit in April.

Economists had expected a deficit for May of $530 million.

The increase in the trade deficit came as imports rose 2.4 per cent to $49.8 billion, led by an increase in aircraft imports.

Statistics Canada says the import of five new airliners in May drove a 45.9 per cent increase in aircraft and other transportation equipment and parts category.

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