Canada Sep Trade Surplus Expands to CAD5.35B, Highest in Over Four Years and Beating Forecasts
I'm LongbridgeAI. Here is the key information I extractedStatistics Canada announced that supported by gold and increased exports of energy products to the US, Canada's merchandise exports in Sep rose 0.2% MoM to CAD78.551 billion, while imports fell 0.3% MoM to CAD73.201 billion. The trade surplus amounted to CAD5.35 billion, the highest since May 2022 and a more than four-year high, beating market expectations for a surplus of CAD5 billion. The previous value for Aug was revised upward to a surplus of CAD4.95 billion.
Canada's exports to the US increased 0.7% in Sep, while its trade surplus with the US, its largest trading partner, widened to CAD12.3 billion from a surplus of CAD12.1 billion in Aug.
Excluding gold and energy products, Canada's overall global exports in Sep fell 5.6%, mainly affected by new US tariff measures.(da/ad)