<h2>Introduction</h2>
<p>Canada experienced a trade deficit of <strong>C$1.52 billion</strong> in February, attributed to a decline in exports and a slight rise in imports, according to Statistics Canada.</p>

<h2>Context</h2>
<p>The report highlighted that due to the rollout of new software at the Canadian Border Services Agency, the data for this month includes a higher level of estimation than usual.</p>

<h2>Developments</h2>
<ul>
  <li><strong>Exports</strong> decreased by <strong>5.5%</strong>, primarily driven by a drop in energy products and motor vehicles and parts.</li>
  <li><strong>Imports</strong> increased by <strong>0.8%</strong>, mainly in categories such as motor vehicles and parts, as well as industrial machinery, equipment, and parts.</li>
</ul>
<p>The seasonally adjusted trade figures in billions of Canadian dollars are as follows:</p>
<ul>
  <li><strong>Balance:</strong> -1.519 (February) vs. +3.130 (January, revised)</li>
  <li><strong>Exports:</strong> 70.114 (February) vs. 74.214 (January)</li>
  <li><strong>Imports:</strong> 71.633 (February) vs. 71.083 (January)</li>
</ul>

<h2>Conclusion</h2>
<p>Analysts had projected a trade surplus of <strong>C$3.55 billion</strong> for February, marking a significant deviation from the actual figures reported.</p>