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- Canada’s trade surplus expands to CAD1.94 billion in August
Canada’s trade surplus expands to CAD1.94 billion in August
Statistics
Canada announced on Tuesday that Canada recorded a trade surplus of CAD1.94
billion in August, compared with a revised CAD0.74-billion surplus in July
(originally a CAD0.78-billion surplus).
Economists
had forecast a surplus of CAD0.43 billion.
According
to the report, Canada’s exports went up 0.8 percent m-o-m to a record CAD54.44 billion
in August, as 6 of 11 product sections posted gains with energy products (+5.1
percent m-o-m) rising the most. Excluding this product section, exports decreased
0.4 percent m-o-m. Meanwhile, imports declined 1.4 percent m-o-m to CAD52.51
billion in August, with imports of motor vehicles and parts (-11.1 percent
m-o-m) accounting for most of the monthly change in total imports.
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