CROPS NEWS
Canada May Trade Deficit Down
Wed Jul 3, 2013 08:42 AM CDT

OTTAWA (Dow Jones) -- Canada's trade deficit in May narrowed unexpectedly as imports fell twice as fast as exports which were down the most since July 2012, while the prior month's shortfall was almost twice as large as originally estimated.

The deficit slimmed to 303 million Canadian dollars ($287.2 million), from a revised C$951 million in April, Statistics Canada said Thursday.

The consensus call was for the shortfall to widen to C$700 million from the initially estimated C$567 million in the previous month.

Exports shrank 1.6% to C$39.34 billion, dragged by lower shipments of cars and ...

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