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Canada swings to trade surplus in March as crude prices, gold exports jump
Canada's merchandise trade balance swung to a surplus in March as higher crude oil prices and surging demand for gold drove a sharp jump in exports while imports declined, data showed on Tuesday. Statistics Canada said the country posted a C$1.78 billion ($1.31 billion) surplus in March, compared with a C$5.11 billion deficit in the prior month. It was the first time in six months that Canada posted a surplus as the war in Iran boosted crude oil prices lifting the value of exports from Canada. While gold prices fell, global demand for the precious metal helped boost exports further. Analysts polled by Reuters had ... (full story)
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Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed. President DONALD J. TRUMP
*US & IRAN CLOSING IN ON ONE-PAGE MEMO TO END WAR: AXIOS * DEAL WOULD INVOLVE IRAN COMMITTING TO MORATORIUM ON NUCLEAR ENRICHMENT AND U.S. AGREEING TO LIFT SANCTIONS AND RELEASE BILLIONS IN FROZEN IRANIAN FUNDS ALONG WITH LIFTING RESTRICTIONS AROUND TRANSIT THROUGH STRAIT - AXIOS Nothing agreed yet, US sees Iran responses next 48 hours - axios
The US trade deficit jumped 4.3% in March to $60.3 billion, the second straight monthly jump and a reading that reflects the first full month after the Supreme Court struck down President Trump’s blanket tariffs. Imports jumped 2.3% to $381.2 billion, outpacing a rise in exports of 2.0% to 320.9 billion. The goods deficit increased by $4.1 billion to $88.7 ...
