OTTAWA, June 6 (Reuters) - Canada posted a smaller-than-expected merchandise trade deficit of C$1.05 billion ($765 million) in April, as energy and gold helped exports grow faster than imports, data showed on Thursday.
Analysts polled by Reuters had forecast a C$1.40 billion deficit in the month. The March deficit was revised down to C$1.99 billion from C$2.28 billion reported initially.
Total exports rose 2.6% in April, while imports increased by 1.1%, Statistics Canada said. By volume, exports grew 1.7% and imports declined by 0.2%.
The rise in exports was led by energy products and unwrought gold.
The category benefited from higher natural gas, crude oil and natural gas liquids exports, helping offset a decline in exports of refined petroleum products and nuclear fuel, Statscan said.
The increase in unwrought gold exports was primarily attributable to higher prices.
The Canadian dollar was little changed after the numbers were released with the loonie trading 0.04% weaker to 1.3697 U.S. dollars, or 73 U.S. cents.
Canada's economic growth is expected to have resumed in April, after stalling in March, driven by mining, quarrying, and oil and gas extraction, Statscan had said in a GDP forecast for the month released last week.
On Wednesday, the Bank of Canada lowered its key policy rate for the first time in four years and said further cuts were possible if inflation - last measured at 2.7% - continues to edge towards the bank's 2% target.
Motor vehicles and parts imports rose for the third consecutive month, helped by imports of sport utility vehicles and other light trucks from the United States.
Inbound delivery of ships, including a ferry from China that will run between Newfoundland and Nova Scotia, also aided import numbers, Statscan said.
Overall, 8 of the 11 export product categories rose in April, while 6 of the 11 import product recorded growth.
($1 = 1.3688 Canadian dollars)
Additional reporting by Dale Smith and Promit Mukherjee; Editing by Sriraj Kalluvila
