The 2018 first quarter goods trade deficit with China and with the world is significantly larger than figures for the first quarter of 2017 even as the March monthly goods deficit with China declined as USA exporters accelerated shipments to beat tariffs that may be imposed relating to the 301 action, which gave an extra boost to us exports overall this month.
United States exports rose by 2 per cent month-on-month in March to... Economists predicted the March figure would narrow to C$2.25 billion.
This means that Canada posted the largest trade deficit in our nation's history in March, with the gap between imports and exports reaching $4.14 billion.
But even without a NAFTA deal nailed down, Canadian exporters may be starting to make up for lost time amid a healthy and growing USA economy, which is by far Canada's biggest export market.
The goods trade deficit with the world of $196.7 billion is larger than any period since before the 2008 financial crisis - up 8.5 percent over the first quarter of 2017 deficit of $181.4 billion.
While Canada's trade deficit increases and overall economy wobbles, our Southern neighbor has rapidly shrunk their deficit and grown their market bringing with it new investments and jobs. There were also increases in exports of soybeans, corn and crude oil.
Despite the reduction in March, the trade gap is up 18.5 percent to $163.4 billion so far this year.
Imports from China (+26.6 percent) led the increase, mainly on higher imports of computers and peripheral equipment, and of communications and audio and video equipment. Real goods exports were the highest on record.
The 2018 first-quarter goods trade deficit with the world is up $24.4 billion compared to the $172.4 billion first-quarter global goods deficit in 2016, the previous year of the Obama administration.
Imports of goods and services fell 1.8% in March to $257.5 billion.
Imports of consumer goods decreased by $0.9 billion. "They're buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S".
However, the government statistical agency noted higher than usual import levels of light trucks, as well as increased imports of clothing, footwear and accessories, and pharmaceutical and medicinal products.
Several analysts also pointed to the timing of Lunar New Year, which began in mid-February, as a possible source of recent import volatility.
March's drop in core capital goods orders and shipments suggest business spending on equipment is slowing.
Rain and drizzle in the west will spread eastwards to all areas this morning and will continue for much of the day". It states: "Cool, bright and breezy tomorrow with sunny spells and scattered showers, some heavy".
Some noted that it appeared to be a bug on Facebook's part, offering "test" options to people who clicked yes. Facebook said it was "an internal test" and that a bug caused it to accidentally launch publicly.
Authorities are investigating a possible explosion in North Haven , Connecticut, according to a law enforcement official. He remarked: " This started late this afternoon with what was apparently a very violent domestic call ".
He said the Congress government wanted to build a steel bridge in Bengaluru , but in reality, it was a "steal bridge". This could have been used for desilting of Tungabhadra Dam for the benefit of the district's farmers", he said.
Winterkorn, the highest-ranking executive charged, was cited for trying to mislead regulators about the cheating. Winterkorn faces four counts, including conspiracy to defraud the United States and wire fraud.
Meanwhile, sharper input inflation continues to raise prices of output, extending the current period of inflation to 18 months. The weaker demand conditions also dragged output for the second consecutive month to the lowest level since July 2017.
Whether Manafort colluded with Russian government officials as Russia was trying to meddle in the 2016 USA election. Ellis III suggested that the reason prosecutors were going after Manafort was to try to get him to flip on Trump.
Rudy Giuliani said Thursday morning, the US has North Korean leader Kim Jong Un impressed enough to release the prisoners. Kim Hak Song also worked at PUST and was detained on a similarly vague charge of "hostile acts" against North Korea.
At least 90 people were killed as squalls and dust storms tore across parts of northern India , weeks ahead of the monsoon rains. Media reports said more than 20 people were found dead in the village of Kheragarh southwest of Agra.
And playing behind the durable Witten, he'd managed a paltry nine catches in 28 games over three seasons of work. ESPN.com's Todd Archer reported Witten will join ESPN's broadcast of Monday Night Football .
Daniels, whose real name is Stephanie Clifford, had agreed to cooperate with an In Touch magazine article on Trump in May 2011. The payment is going to turn out to be "perfectly legal", Giuliani said in an interview with Fox News' Sean Hannity .
Japan's Abe wants to increase investments in Israel
Abe is only the third Japanese prime minister to visit Israel since the two countries established diplomatic relations in 1954. Netanyahu said Israel "would love to have [Trump]" attend the ceremony, though it's unclear if the president will be there.
Pranksters hang auto from Toronto overpass
Officials say they initially thought it might have been hung there as part of a movie shoot, but that theory was later ruled out. A blue sedan was spotted swaying back-and-forth from a rope underneath the Millwood Overpass Bridge, south of Don Mills Road.
Expect a more juiced up Utah Jazz team for Game 2
With the loss, Houston gives away homecourt advantage to Utah , as games three and four take place at Vivint Smart Home Arena. Another awesome dunk came toward the end of the game when Dante Exum slammed this home. "We made some mistakes".
US Fed holds interest rates steady: 5 key takeaways
Asian shares slipped as hopes waned for real progress in Sino-U.S. trade talks, which are due to kick off on Thursday. The U.S. dollar bought 109.68 Japanese yen, lower than 109.80 Japanese yen of the previous session.