Canada Posts Trade Surplus
Canada Posts Trade Surplus

Canada Posts Trade Surplus

Canada Posts Trade Surplus

Canada sold $923 million more worth of goods and services to the world than it bought in return in December, new numbers from Statistics Canada showed Tuesday, CBC reported. Canada’s trade surplus came in at $923 million for the month, as exports were up 0.8% on the strength of higher energy prices. “Imports increased 1%, mainly on stronger imports of aircraft and industrial machinery,” the data agency said. In volume terms, exports actually decreased by 1.4%. But higher oil prices made up for that and pushed the overall account into surplus territory. Coming on the heels of another trade surplus in November, “That’s back-to-back surpluses totaling just under $2 billion, the most in nearly three years,” Bank of Montreal economist Jennifer Lee said. Canada sold $8.5 billion worth of energy products to the world in December, the highest monthly figure since November 2014. For the year as a whole, Canadian exports declined by 0.7% to $521.1 billion. 


Short URL : https://goo.gl/B5xikO
  1. https://goo.gl/xWq9Km
  • https://goo.gl/QSlrlk
  • https://goo.gl/ZDgg4A
  • https://goo.gl/tC0GiI
  • https://goo.gl/Gyjv0G

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints