In real, or volume terms, total imports were down 0.8 percent…reports Asian Lite News
Following strong increases in January, Canadian merchandise exports and imports decreased in February, Statistics Canada said Wednesday.
According to the national statistical agency, after increasing 3.5 percent in January, total exports fell 2.4 percent to 65 billion Canadian dollars (48.1 billion U.S. dollars) in February. In real, or volume terms, total exports decreased 0.9 percent, following a 4.8 percent increase in January.
After increasing 3.6 percent in January, total imports fell 1.3 percent to 64.6 billion Canadian dollars (47.8 billion U.S. dollars) in February. In real, or volume terms, total imports were down 0.8 percent.
In February, monthly service exports were down 1.3 percent to 14 billion Canadian dollars (10.4 billion U.S. dollars). Meanwhile, service imports increased 0.4 percent to 16.2 billion Canadian dollars (12 billion U.S. dollars), the agency said.
When international trade in goods and services were combined, exports decreased 2.2 percent to 79 billion Canadian dollars (58.5 billion U.S. dollars) in February, while imports were down 1 percent to 80.8 billion Canadian dollars (59.8 billion U.S. dollars).
ALSO READ: April is Sikh Heritage Month in Canada
[soliloquy id="151345"]