US trade deficit narrows in March

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In their average forecast, economists expected a deficit of $ 1 billion in March, after a $ 1.1 billion deficit in February.

Canadian exports surged to a record $47 billion in March, but the country still posted a $135 million trade deficit for the month as imports also rose.

The Commerce Department said the trade deficit narrowed to USD43.7 billion in March from a revised USD43.8 billion in February. Exports dropped 0.9 percent to $191 billion, pulled down by falling auto exports.

Energy products, consumer goods, especially food products, and metal products have boosted exports. Exports of services increased $0.3 billion to $64.7 billion.

Shortly afterwards, the US administration slapped tariffs on Canadian exports of softwood lumber and complained about Canada's dairy sector, helping to sink the Canadian dollar to 14-month lows.

China's foreign trade development is expected to face a better environment in 2017 compared to the past two years, said the commerce ministry report.

After Uttar Pradesh, two suspected ISI agents arrested in Mumbai
Aftab had allegedly gathered information on Army cantonment and other defence establishments, the UP ATS officials said. Aftaab's first Pakistan visit was in May 3, 2014 through the Wagah border and he stayed at the Green Tower in Karachi.

Exports of energy products rose 7.0% to $ 8.7 billion in March, with a 31.6% increase in natural gas exports to the northeastern United States, affected by abnormally high temperatures bass. Market expectations were for a larger C$1 billion trade deficit, according to economists at Royal Bank of Canada.

Statistics Canada reported Thursday that exports rose 3.8 per cent in March, more than twice as much as the 1.7 per cent growth in imports.

The group said export orders at US service providers climbed quickly in April. Exports and imports both grew by 7.1%.

Imports from Mexico hit US$28.1 billion, their highest on record, pushing the deficit with the southern neighbor to its highest level in almost 10 years. The data agency said sales overseas of so-called other food products led the increase, in particular shipments of yellow peas and red lentils to India.

Last week, President Donald Trump said he was considering issuing a formal withdrawal from North American Free Trade Agreement but opted to engage in renegotiations after speaking with Canadian Prime Minister Justin Trudeau and Mexico's President Enrique Peña Nieto.

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