The Canadian dollar continued to be lower against the other major currencies in early New York trading on Wednesday, after data showed that Canada's trade deficit widened to a record high in March, led by sharp fall in exports.

Data from Statistics Canada showed that Canada's merchandise trade deficit with the world widened to a record C$3.4 billion in March from C$2.5 billion in February.

Economists were looking for a shortfall of C$1.4 billion.

Exports fell 4.8 percent to C$41.0 billion in March, while imports declined 2.4 percent to C$44.4 billion.

The loonie dropped to more than a 3-week low of 83.10 versus the yen, more than a 2-week low of 1.2825 against the greenback and a 3-week low of 1.4750 against the euro, off its early highs of 84.43, 1.2697 and 1.4598, respectively.

Reversing from an early high of 0.9510 against the aussie, the loonie edged down to 0.9589.

The loonie may find support around 81.00 against the yen, 1.30 against the greenback, 1.50 against the euro and 0.97 against the aussie.

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