Statistics Canada says country posts $718M merchandise trade surplus for August
BNN Bloomberg
Canada's merchandise trade balance shifted to a surplus in August, helped by strong growth in exports of unwrought gold and crude oil, Statistics Canada said.
The agency said Thursday that Canada posted a trade surplus of $718 million in August compared with a revised deficit of $437 million in July.
BMO economist Shelly Kaushik said it was the first surplus since April.
"Energy prices propelled a modest surplus in Canada’s merchandise trade account," Kaushik wrote in a report.
More Related News