Canada global trade surplus rises to $2.6 billion in June
Statistics Canada report says exports led by motor vehicles and parts.
This raised the country’s Canada’s trade surplus with the world to $2.6 billion from $1.8 billion in June. Economists had expected a surplus of about $1.2 billion, according to Thomson Reuters.
Exports rose to $45.5 billion, led by motor vehicles and parts, while imports edged down to $43 billion, with lower imports of aircraft, other transportation equipment and parts and consumer goods, as well as metal and non-metallic mineral products.
Exports to the United States rose 1.9 per cent to $34.4 billion and imports rose 1.2 per cent to $29.2 billion, pushing the trade surplus with that country to $5.1 billion from $4.9 billion in June.
Shipments to countries other than the United States edged up 0.1 per cent to $11.2 billion, while imports from those countries declined 3.2 per cent to $13.7 billion.
The trade deficit with those countries narrowed to $2.6 billion from $3 billion in June.
© 2014 The Canadian Press