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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireOTTAWA - Canada in March recorded a surprise trade deficit of C$2.28 billion , the largest in nine months, as exports declined faster than imports, data showed on Thursday.
Data on Tuesday showed the Canadian economy likely stalled in March after expanding less than expected in February, signaling a loss in momentum that bolstered expectations that the Bank of Canada would have more reason to lower borrowing costs in June. Money markets see a more than 50% chance of a rate cut in June and have fully priced in a cut by July.
The decline in exports in March was at the fastest rate since February 2023, with decreases in nine of 11 export product sections.
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