Canada’s trade trade deficit narrowed up to $ 5.9B in May, but the impact of the trade war continues

After a record high hit in April, the Statistics compressed the Canadian trading trade deficit to $ 5.9 billion in May, according to Canadian data.

After 11 percent decline month earlier, the country’s exports increased by 1.1 percent. It also marked the first increase in exports in four months.

According to the statistics Canada, overall, the imports fell down to the third month in a row, falling 1.6 percent.

In May, Canada’s exports to the United States decreased by 0.9 percent, while the country was also imported by 1.2 percent of US-made products.

In April, Canada’s trade deficit balloon More than $ 7 billionFrom $ 2.3 billion in March.

According to CIBC economist Catherine Judge, the figure is an improvement since last month, the trade deficit has increased and the impact of jump will continue in April.

The judge said, “The major decline in exports in April means that the net trade will completely pull one on development in the second quarter and will remain under pressure until the progress of trade talks.”