Canada’s trade surplus increased by $78 million in March, over February. That comes despite a decrease in exports; imports also declined. Exports to the United States fell 2.1%, the third consecutive monthly decrease. Imports also dropped leaving Canada with a trade surplus with the U.S. of $4.6 billion in March, down $300 million from February.
In the U.S. the overall international trade deficit increased to $51.8 billion in March from $45.4 billion (revised) in February, based on a greater increase in imports than exports.
In Europe, the Bank of England is pausing its bond-buying stimulus program. Worries about a stubbornly high annual rate of inflation are bigger than concerns that the U.K. slid back into recession in the first quarter.
And back here, Canada’s new home price index was up 0.3% in March, led by increases in Calgary Edmonton and Toronto. Y/Y the index is up 2.6%.
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