Canada trade deficit expands as imports rise, exports edge down

OTTAWA-Canada's trade deficit widened in May as automotive exports fell and aircraft imports from the USA rose sharply.

In an another report, the Bank of France revealed that the seasonally and working-day-adjusted current account deficit widened to Euro 2.9 billion in May from Euro 1.3 billion in the prior month.

May imports were $258.4 billion, $1.1 billion more than April imports.

The year-on-year increase was 3.5 percent. Deficit widened to CAD 2.8 billion from a slightly revised CAD 1.90 billion in April. After struggling through the middle part of a year ago, exports had seen a revival in recent months due to a run-up in oil prices and stronger demand for non-energy exports. Most of the rise was accounted for by the delivery of several airliners from the United States.

India, England square off in series decider
Team India will be keen to register their second consecutive win when they face England at the Sophia Gardens, Cardiff . However, it is tough to see the Indian team management making space for him in the eleven after just one game.

Roberto Martinez proud of Belgium World Cup 'heroes'
Philippe Coutinho missed a great chance to draw his team level in the 83rd minute after being set up by Neymar . But Belgium has looked good as well, and could be primed to capitalize on its golden generation of players.

England beats Sweden 2-0 to advance to semi-final in Russian Federation
The winning goal from Maguire of Leicester City arrived just on 30 minutes, and it was another textbook set piece for England . England are into the semi-finals of the World Cup after beating Sweden 2-0 in Samara on Saturday afternoon.

Imports rose by 1.7 percent, pushed up by a 17.7 percent jump in shipments of aircraft and other transportation equipment and parts.

Canada posted a trade deficit in May of 2.77 billion Canadian dollars (US$2.11 billion), Statistics Canada said Friday.

"Energy imports swelled to compensate for temporary shutdowns at Canadian refineries".

The federal agency said total exports edged down 0.1 per cent to $48.3 billion in May, mainly due to lower exports of motor vehicles and parts as well as metal ores and non-metallic minerals. "Higher imports from China (aircraft and other communications equipment), Belgium (pharmaceutical and medicinal products) and Germany were offset by lower imports from Mexico, among others".

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