Statistics Canada says country posted $594M merchandise trade surplus for April
Posted June 8, 2021 8:58 am.
Last Updated June 8, 2021 9:08 am.
OTTAWA — Statistics Canada says the country posted a merchandise trade surplus of $594 million in April.
The agency says both imports and exports fell in large part due to production shutdowns in the auto assembly industry because of a continued shortage of semiconductor chips that has hurt the sector.
The result for April compared with revised deficit of $1.3 billion in March.
Total imports fell 4.7 per cent in April to $49.6 billion as imports of motor vehicles and parts decreased 22.1 per cent.
Meanwhile, total exports dropped 1.0 per cent in April to $50.2 billion as exports of motor vehicles and parts fell 18.1 per cent.
In volume terms, total imports fell 6.8 per cent in April, while total exports fell 3.5 per cent.
This report by The Canadian Press was first published June 8, 2021.
The Canadian Press
