A general view looking down Bay Street in the heart of Toronto’s financial district, in a file photo. The Canadian Press/Chris Young
Canada’s merchandise trade deficit widened sharply in February as imports surged to a record high, outstripping an increase in exports, according to Statistics Canada.
The deficit expanded to $5.7 billion, from $4.18 billion in January. The gap came in well above market expectations of $2.5 billion, Royal Bank of Canada said in a report.
