*Dollar Advances Against European Majors Amid U.S. Trade Balance Report; Now At 1.2678 Against Euro

*Canadian Trade Surplus Narrowed To C$254 Mln In March From C$1.2 Bln In February

*Canadian New Housing Price Index Rose 0.3% In March

*Trade Deficit (March) Up 2.5% To $40.42 Billion

S. Africa March Manufacturing Output Rises More Than Expected