FLCA - Canada unexpectedly posts trade surplus of C$1.92 billion in January
2023-03-08 09:18:25 ET
- Canada posted a trade surplus of C$1.92 billion in January of 2023, widening from the revised surplus of C$1.2 billion in the previous month and compared to market expectations of a C$60 million deficit.
- Total exports jumped by 4.2% over the prior month to C$67 billion in January, while imports rose 3.1%, to C$65.10 billion, after declining for two months running.
- The increase was widespread with all exports increasing except energy with total exports ex-energy hitting an all-time high of $51.6B. Exports of farm fishing and intermediate foods hit a record and motor vehicles/parts rose to the highest since May 2019.
- ETFs: EWC , HEWC , FLCA .
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Canada unexpectedly posts trade surplus of C$1.92 billion in January