The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
OTTAWA, June 6 - Canada posted a smaller-than-expected merchandise trade deficit of C$1.05 billion in April, as energy and gold helped exports grow faster than imports, data showed on Thursday.
Total exports rose 2.6% in April, while imports increased by 1.1%, Statistics Canada said. By volume, exports grew 1.7% and imports declined by 0.2%.The category benefited from higher natural gas, crude oil and natural gas liquids exports, helping offset a decline in exports of refined petroleum products and nuclear fuel, Statscan said.The Canadian dollar was little changed after the numbers were released with the loonie trading 0.04% weaker to 1.3697 U.S. dollars, or 73 U.S. cents.
On Wednesday, the Bank of Canada lowered its key policy rate for the first time in four years and said further cuts were possible if inflation - last measured at 2.7% - continues to edge towards the bank's 2% target.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Food driving inflation lower, but groceries much more costly than a few years agoBetween April 2021 and April 2024, grocery prices have increased 21.4%, Statistics Canada said
Read more »
Here's a list of April inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 2.7 per cent in April, Statistics Canada says.
Read more »
Statistics Canada reports country posted $1B merchandise trade deficit for AprilStatistics Canada says the country posted a merchandise trade deficit of $1.0 billion in April.
Read more »
Energy, gold exports help Canada narrow trade deficit in AprilCanada on Thursday posted a smaller-than-expected merchandise trade deficit of $1.05-billion in April
Read more »
Canada Retail Sales Jump 0.7% in April After Weak First Quarter(Bloomberg) -- Canadian consumer spending sharply rebounded last month, according to preliminary data, after weaker-than-expected retail sales in the first...
Read more »
Canada March retail sales down 0.2%; seen up 0.7% in AprilOTTAWA (Reuters) -Canada's retail sales contracted for a third consecutive month and dropped by 0.2% in March, data showed on Friday, led primarily by sales ...
Read more »