Canada Markets
Cliff Jamieson Canadian Grains Analyst
Sun Jul 6, 2014 07:28 PM CDT

Canada's merchandise trade for May surprised, with total exports coming close to the record set prior to the latest recession.

Despite the move higher in the Canadian dollar, total exports rose 3.5% in May, totaling $44.2 billion as compared to the $44.5 billion exported in July of 2008. This comes after a 2.8% dip in the month of April.

The country's trade deficit was slashed to $152 billion in May, well below the $300 billion estimated by economists. This is down from a $961 billion deficit in April, while there have been only 3 monthly surpluses since the start of ...

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