Canadian trade improves in March; U.S. trade deficit narrows

(May 2, 2013) -- The March 2013 Canadian merchandise trade report was much stronger than expected and managed to eke out a surplus of $0.02 billion, RBC Economics reported today. The U.S. trade deficit was smaller than expected in March 2013 at $38.8 billion. Market expectations had been for a $42.3 billion deficit.