Statistics Canada

Statistics Canada: The loonie was down 0.63 of a cent to 96.67 cents US, reversing a chunk of Monday's 0.85 cent jump, after Statistics Canada said the trade deficit went from $3 million in March to $567 million the following month, according to CTV. Imports rose 1.2 per cent to 440.8 billion dollars amid higher levels of energy products, motor vehicles and parts and TORONTO -- The Canadian dollar fell almost two-thirds of a US cent Tuesday as the U.S. dollar was broadly higher and Canada's merchandise trade deficit with the world rose sharply during April. Exports edged down 0.2 per cent during the month to $40.3 billion dollars, led by decreases in metal ores and non-metallic minerals, energy products, and industrial machinery. (www.immigrantscanada.com). As reported in the news.