Canada's merchandise trade deficit totalled $2.7 billion in February, widening from a $1.9 billion deficit in January. Imports rose 1.9%, mainly due to higher imports of energy products. Exports increased 0.4%, primarily on higher exports of passenger cars and light trucks.
In real (or in volume) terms, imports rose 1.9% and exports were up 0.6%.
Following a 4.3% decline in January, total imports were up 1.9% in February to $48.6 billion, with increases in 8 of 11 sections. Higher imports of energy products and of motor vehicles and parts were partially offset by lower imports of gold. Year over year, total imports increased 3.5%.