Global Markets: Canada’s trade deficit shrank in April

WINNIPEG, June 6 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– A recent report from Statistics Canada detailed Canada’s trade deficit shrank to C$966 million in April. Economists predicted a C$2.8 billion deficit for the month. The shrinking deficit is due to exports increasing by 1.3 per cent.

– The Mexican government is cracking down on migrants at its southern border in response to United States President Donald Trump’s impending threat of tariffs. The tariffs are a retaliatory blow for what he calls Mexico’s “failure” to stop migrants from reaching the U.S. border. Asylum seekers fleeing violence and poverty in Central America enter Mexico en route to the U.S. Mexican migration officials detained approximately 400 people.

– The African Union has suspended Sudan until a civilian government is created. This move is a part of an international effort to encourage Sudan’s current military rulers to give up power, according to Reuters. Earlier this week, several dozen peaceful protestors were killed in a sit-in camp, the deadliest spurt of violence since former president Omar al-Bashir was removed by military in April.

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