Trade deficit in the United States winded in May, The U.S. Commerce Department said on Tuesday, where the deficit also widened in Canada.
U.S. trade gap soared to $41.9 billion from April’s revised deficit of $40.7 billion. Analysts predicted the deficit to increase to $42.5 billion.
In Canada, the trade deficit winded to C$3.3 billion in May from C$3.0 billion shortfall in April, compared to forecasts of C$2.6 billion deficit.
The deficit is eight in a row and second biggest after the record of C$3.85 billion recorded in March.
As of 12:42 GMT, the U.S. dollar remained firm against the Canadian dollar trading at 1.2736 after hitting a high of 1.2756.