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Exports at Record High

Foreign markets are buying Canadian goods at a much-accelerated pace these days.

Figures released Friday by Statistics Canada say exports hit a record high in April, driven by shipments in cars, trucks and commodities including energy and forestry products.

The agency says exports rose by 1.8% to $47.7 billion, strengthened by a Canadian dollar that was trading between 73 and 75 cents U.S. for the month.

Shipments of motor vehicles and parts were up 4.4% to $8.1 billion, while exports of energy products increased to $8.8 billion, up 2.5%.

The nation's number crunchers report the country's trade deficit narrowed to $370 million, down from a revised shortfall of $936 million for March.

Economists surveyed by Thomson Reuters had expected a much smaller deficit of $70 million

Imports hit $48.1 billion, a fifth consecutive monthly increase and also a record high.