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  • Canadian imports and exports set new record highs in March as transportation flows returned to normal following a disruption to rail traffic in February.

  • Canadian companies exported $40.6 billion worth of merchandise in March, an increase of 1.4% over last month.  Automotive products led the growth of exports, posting a strong gain of 7.9% to reach $7.4 billion.

  • Imports were up 3.3% in March, reaching a record high of $35.9 billion. The advance in imports of energy products led the gain.  All but two sectors, namely forestry products, and agricultural and fishing products, registered increases as well.

  • The growth of imports surpassed that of exports, leading Canada’s merchandise trade surplus with the world to contract to $4.6 billion, from a revised $5.2 billion in February.

  • Imports from the United States increased by more than $1.0 billion to reach a peak of $23.6 billion, while exports to our southern neighbour grew slightly over $300 million to reach $31.3 billion.  In comparison, Canada’s imports from countries other than the United States rose by $136.7 million to $12.3 billion while the gain in exports to these destinations accounted for more than a third of the overall jump, rising to $9.3 billion.