- Canada: International trade surplus shrinks to C$1.5 billion in April versus C$2.90 billion expected
Market news
7 June 2022
Canada: International trade surplus shrinks to C$1.5 billion in April versus C$2.90 billion expected
According to the latest figures released on Tuesday by Statistics Canada, the Canadian Trade surplus shrunk to C$1.5B in April from C$2.28B a month earlier versus expectations for a rise to C$2.9B. The fall in Canada's headline trade surplus number masked a larger than expected increase in both Canadian imports and exports in April.
The former increased from C$61.67B (upwardly revised from C$61.14B) in March to C$62.81B in April versus the expected drop to C$58.11B, while exports increased from C$64.31B from C$63.95B a month earlier (upwardly revised from C$63.63B) versus expectations for a drop to C$61.76B.
Market Reaction
The loonie did not react to the latest Canadian trade figures.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page