Lates News

Canada achieved its first merchandise trade surplus in six months in March, driven by a surge in gold shipments and a spike in energy prices boosting export growth. Statistics Canada said on Tuesday that there was a merchandise trade surplus of 1.78 billion Canadian dollars (approximately 1.31 billion US dollars) in March. The agency reported that exports in March increased by 8.5% to reach 72.77 billion Canadian dollars, the second-highest level in history, while imports decreased by 1.6% to 70.99 billion Canadian dollars. Canada's exports to the United States increased by 8.3%, while imports from the United States decreased by 1.2%, leading to Canada's long-term trade surplus with its neighbor growing from 2.86 billion Canadian dollars in February to 7.07 billion Canadian dollars in March.