• Canada’s trade balance returned unexpectedly to surplus in September

Market news

4 November 2014

Canada’s trade balance returned unexpectedly to surplus in September

Statistics Canada released the trade data on Tuesday. Canada's trade balance returned unexpectedly to surplus in September, driven by motor vehicle and parts shipments. The trade surplus was C$0.7 billion in September, up from a deficit of C$0.5 billion in August. August's figure was revised up from a deficit of C$0.6 billion. Analysts had expected the trade deficit to widen to C$0.7 billion.

Exports increased 1.1% in September. Motor vehicle and parts shipments rose 6.0%, while consumer goods exports climbed 6.6%.

Imports declined 1.5% in September. Energy dropped 19.4%.

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