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As a result, the trade surplus with the United States fell to 2.58 billion Canadian dollars in February from 2.93 billion Canadian dollars in January.

The US trade deficit has stretched to its widest point in nearly a decade despite President Trump's attempts to eliminate it with an "America First" strategy.

Economists had expected the trade deficit to widen to USD56.8 billion from the USD56.6 billion originally reported for the previous month.

The goods-trade deficit with Mexico widened to US$6.6 billion from US$5.6 billion, and the gap with Europe increased to US$15.3 billion from US$15 billion.

Jack Nicklaus celebrates as grandson fires a Masters Par 3 ace
Finau, ranked No. 34 in the world, ended up withdrawing from the event but stuck around for the final two holes. That was his first hole-in-one. "I said, "well I think you're going to make a hole-in-one".

The gap increased 1.6 per cent in February to US$57.6 billion, compared with the median estimate of economists for US$56.8 billion, Commerce Department data showed on Thursday.

Year-to-date, the goods and services deficit increased $21.1 billion, or 22.7 percent, from the same period in 2017.

Canada imported more crude oil and bitumen in February, with a larger share coming from the United States.

While these actions may prove politically popular with TrumpĀ“s working class political base, especially in states hard-hit by factory closures and import competition, analysts warn they could undercut economic growth and raise prices for both consumers and producers.

India's manufacturing sector growth declines in Mar, a 5-month low
Amid reports of lower demand from global markets, new export orders declined for the second consecutive month in March. Both output and new orders grew for the eighth successive month in March, but at slower rates.

The broadening gap comes as President Donald Trump pursues an increasingly fraught battle with the world's largest economies to right the yawning USA trade imbalance, sparking fears of a trade war. When adjusted for inflation, the trade deficit slipped to $69.11 billion from $69.96 billion in January. Citing the underperformance on trade, IHS Market lowered its first-quarter estimate for GDP growth a tenth of a point to 1.5 percent. Exports of aircraft and other transportation equipment rocketed by 19.6 percent.

The increased deficit came as imports rose 1.9% to $48.6 billion, boosted by imports of energy products.

Exports to China were unchanged in February.

Washington and Beijing have threatened in recent days to put import duties on about $50 billion of each other's exports - with the Chinese targeting politically sensitive U.S. goods such as soybeans and the Americans pointing to high-end manufactured items in the aerospace, auto, pharmaceutical and other sectors.

French SNCF rail strike to defy Macron labour reforms
"They need to start again from scratch", Philippe Martinez , head of the CGT trade union, told France Inter radio. Many of his plans, particularly in the labor market, are meeting with increasing opposition from France's unions.


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