Capital Economics: It is unlikely that Canada's export growth to countries other than the United States will continue.

Analyst Stephen Brown of Capital Economics pointed out that despite the United States imposing tariffs on Canada, Canada's merchandise trade balance unexpectedly improved in March, thanks to a surge in exports to other countries. However, the economist said that export order indicators have dropped significantly in recent months, and it seems unlikely that the export growth can be sustained for too long. Canada's trade deficit narrowed from 1.4 billion Canadian dollars in February to about 0.5 billion Canadian dollars, economists had previously expected the deficit to expand. After imposing some tariffs, Canada's exports to the United States declined by 6.6% compared to the previous month, there was a significant increase in January, but this decline was offset by a 24.8% increase in exports to other countries. This means that overall exports only decreased slightly by 0.2%.