Canada trade data suggest exports may no longer be bright spot in the economy. Read more
financialpost.com
Data suggest exports, which spurred output growth in the first three months of this year along with household spending, may no longer be one bright spot in the economy in the second quarter.
The country posted a $3.4 billion trade deficit in May, from a downwardly revised $894 million surplus a month earlier, with exports of crude oil and wheat decreasing the most, Statistics Canada reported Thursday in Ottawa.