U.S. tariffs come as talks regarding the North American Free Trade Agreement continue.
Strengthening domestic demand boosts imports
Economists had expected a deficit of $2.2 billion, down from $2.7 billion in November
Canada’s exports increase following four consecutive monthly declines
Two studies suggest ending trade deal would do minor damage
The central bank is also keeping close tabs on the rise in protectionist sentiment in some parts of the world and what it might mean for the Canadian economy
Imports rose 2.4% to $49.8 billion
Canadian exports south of the border rose 5.4% to a record high $36.1 billion in April
Driving the gain was a 7% increase in energy exports; trade deficit narrows
Economists had expected a surplus of $500 million