Invest in Canada » trade surplus http://www.invest-in-canada.com The real facts about the Canadian Economy Wed, 19 Aug 2009 17:03:53 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Canada posts surprise trade surplus http://www.invest-in-canada.com/manufacturing/canada-posts-surprise-trade-surplus.htm http://www.invest-in-canada.com/manufacturing/canada-posts-surprise-trade-surplus.htm#comments Thu, 09 Apr 2009 17:03:52 +0000 investor http://www.invest-in-canada.com/?p=279

A container dock in Vancouver. Canada posted an unexpected trade surplus of $126-million in February, rebounding from two straights months of deficits, Statistics Canada said.

Canada posted an unexpected trade surplus in February, rebounding from two straights months of deficits, Statistics Canada said Thursday.

The federal agency said exports rose 5.2% to $33.1-billion during the month “as all sectors increased and auto makers resumed production.” Imports increased 1.1% to $33-billion, led by machinery and equipment, it said.

As a result, Canada recorded a trade surplus of $126-million, following of deficits of $1.15-billion in January and $652-million in December.

Most economists expected a decline of $1.2-billion in February.

Canwest News Service

]]> http://www.invest-in-canada.com/manufacturing/canada-posts-surprise-trade-surplus.htm/feed 0 Canada’s trade surplus weakens http://www.invest-in-canada.com/news/canadas-trade-surplus-weakens.htm http://www.invest-in-canada.com/news/canadas-trade-surplus-weakens.htm#comments Tue, 13 Jan 2009 16:57:14 +0000 investor http://www.invest-in-canada.com/?p=151 Plunging commodities markets pummeled Canada’s trade surplus to a slim $1.3-billion in November, with both exports and imports on the decline, Statistics Canada says.

Analysts had been expecting that lower commodity prices in November and a pullback in U.S. demand would slash the trade surplus to $3-billion, down from $3.8-billion in October. Statistics Canada revised its October surplus number to $2.3-billion because of new information about the effect of energy prices and volumes.

The November surplus of $1.3-billion is the smallest since October 1997, and analysts warn that Canada is quickly heading to the land of dual deficits – both for the current account and the fiscal situation.

Exports sank 6.8 per cent to $39.2-billion – the fourth month in a row for a decline, as a result of falling prices as well as falling volumes. Exports were at their lowest level since January 2008, Statscan said.

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