“Canada posted a near-record trade deficit in May, as volumes of both exports and imports slumped.

“On the year, imports are down by roughly 2 per cent, highlighting in part the difficulties the Canadian economy has faced in generating firmer internal demand,” said economist Nick Exarhos of Canadian Imperial Bank of Commerce in a research report.”

Image Source: Rafal Gerszak for The Globe and Mail

Source: theglobeandmail.com