NEWS
Cliff Jamieson Canadian Grains Analyst
Thu Jun 5, 2014 07:43 PM CDT

Statistics Canada's International Merchandise Trade report both surprised and disappointed Wednesday. A trade deficit for the month of April of $638 million was reported, down from a surplus of $766 million in March. A Bloomberg poll had suggested an expectation of a $200 million dollar surplus. It is this sluggish activity that the Bank of Canada warned about Wednesday when they left the overnight bank rate unchanged at 1%, a move which softened the Canadian dollar which is exactly what the Bank of Canada wants in order to stimulate export activity.

Farm, fishing and intermediate food product exports were reported ...

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