Canada's Trade Deficit Widened to 5.74 Billion CAD in February as Imports Hit Record High

```htmlGolden Ten Data reported on April 2 that Statistics Canada stated on Thursday that, due to imports rising faster than exports, Canada recorded a trade deficit of 5.74 billion Canadian dollars (approximately 4.12 billion US dollars) in February. Driven by the growth in exports of motor vehicles and parts, as well as metal and non-metallic mineral products, exports increased by 6.4% in that month. Meanwhile, due to increases in imports of metal and non-metallic mineral products and motor vehicles and parts, imports rose by 8.4% and set a new historical record.```