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Canada posts surprise January trade surplus of C$1.9 billion on export gains

Canada recorded an unexpected trade surplus of C$1.9 billion ($1.38 billion) in January, driven by broad-based export gains. Total exports rose 4.2%, while imports increased 3.1%. Bank of Canada kept rates on hold.

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  • Canada recorded an unexpected trade surplus of C$1.9 billion ($1.38 billion) in January.
  • Total exports rose 4.2% in January on the back of gains in all product categories.
  • Excluding energy, exports rose 6.1% to an all-time high of C$51.6 billion.
  • Imports increased 3.1%, largely driven by motor vehicles and parts.
Canada posts surprise January trade surplus of C$1.9 billion on export gains
Canada recorded an unexpected trade surplus of C$1.9 billion ($1.38 billion) in January, driven by broad-based gains in exports, while imports posted a smaller increase led by motor vehicles and parts, Statistics Canada data showed on Wednesday.
Reuters

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