- Analytics
- News and Tools
- Market News
- Canada’s trade balance records CAD1.41 billion surplus in January
Canada’s trade balance records CAD1.41 billion surplus in January
Statistics
Canada announced on Friday that Canada recorded a trade surplus of CAD1.41
billion in January, compared with a revised CAD1.98-billion deficit in December
(originally a CAD1.67-billion gap). This was the first surplus since May 2019 and
the largest surplus since July 2014.
Economists had
forecast a deficit of CAD1.40 billion.
According to
the report, Canada’s exports surged by 8.1 percent m-o-m (the most since the
rebound in the summer of 2020) to CAD51.12 billion in January, led by a climb
in exports of aircraft and other transportation equipment and parts (+72.3 percent
m-o-m). Meanwhile, imports increased by 0.9 percent m-o-m to CAD49.78 billion in
January, primarily due to higher imports of energy products (+20.5 percent
m-o-m).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
