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RBC Sees a Narrowing In Canada's Trade Deficit on Thursday, and Beyond

BY MT Newswires | ECONOMIC | 03/30/26 09:30 AM EDT

09:30 AM EDT, 03/30/2026 (MT Newswires) -- Canada will release its international merchandise trade figures for February on Thursday, notes RBC.

The bank expects a narrowing in Canada's trade deficit from $3.6 billion to $1.8 billion, driven by a partial rebound in auto exports and higher oil prices.

The deficit should continue to narrow in March after the Middle East conflict drove oil prices sharply higher, adds RBC.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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