Canadian Balance of Trade (Feb) -5.74B vs. Exp. -1.9B (Prev. -3.65B, Low. -3B, High. -1.5B)

The Canadian Balance of Trade data for February came in at a significantly larger deficit than expected, deepening to -5.74B compared to the forecast of -1.9B. This larger-than-expected trade gap suggests weakening export demand and could have implications for the CAD, likely weighing on its value as it indicates a potential drag on economic growth, especially in the context of slower global demand.