Salmon fishing boats sit on the mouth of Fraser River as freighters transfer up and down the river in Steveston, British Columbia September 1, 2010. REUTERS/Andy Clark
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OTTAWA, June 7 (Reuters) – Canada’s exports rose 0.6% in April, pushed by sturdy exports of frozen seafood and motor vehicles, however offset by decrease crude oil manufacturing, whereas imports climbed 1.9%, Statistics Canada stated on Tuesday.
The nation’s commerce surplus with the world narrowed to C$1.50 billion ($1.19 billion), under analyst forecasts of C$2.9 billion and down from a revised C$2.28 billion in March.
The worth of Canada’s exports has jumped 12.8% for the reason that begin of 2022, however is down 4.9% in actual phrases, Statscan stated, with surging commodity costs offsetting decrease volumes.
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Exports of motor vehicles and components in April hit their highest degree since October 2020, however stay under pre-pandemic ranges because the auto sector continues to work via supply-chain challenges.
Seafood exports surged, pushed by larger costs and volumes for crabs. Energy exports got here off document highs in April, as crude oil manufacturing dropped on upkeep shutdowns, partially offset by surging pure gasoline and coal exports.
On the import facet, shopper items led features, whereas imports of steel and non-metallic mineral merchandise hit a document excessive pushed by silver. Imports of vitality merchandise had been additionally up on larger costs, led by pricey gasoline.
The Canadian greenback was buying and selling 0.2% decrease at 1.26 to the dollar, or 79.37 U.S. cents.
($1 = 1.2600 Canadian {dollars})
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Reporting by Julie Gordon in Ottawa, extra reporting by Dale Smith in Ottawa and Fergal Smith in Toronto
Editing by Nick Zieminski
Our Standards: The Thomson Reuters Trust Principles.
Canada exports edge up in April on seafood and motor vehicles & More Latest News Update
Canada exports edge up in April on seafood and motor vehicles & More Live News
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Canada exports edge up in April on seafood and motor vehicles & More News Today
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