off-the-wire

Canada posts C$153 million trade surplus in September

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada posts C$153 million trade surplus in September teaser image

OTTAWA, Dec 11 (Reuters) - Canada posted a C$153 million ($111 million) trade surplus in September, as exports grew and imports fell, Statistics Canada said on Thursday. This was the first trade surplus in eight months.

Due to the implementation of new software at the Canadian Border Services Agency, StatsCan said that this month's data includes a greater degree of estimation.

Exports grew 6.3% on metal and non-metallic mineral products, as well as energy products. Imports fell by 4.1% on metal and non-metallic mineral products, as well as consumer goods.
 

Following are the seasonally adjusted figures in billions of Canadian dollars:

Merchandise trade Sep Aug (rev) change pct Aug (prev)

Balance +0.153 -6.427 n/a -6.324
Exports 64.231 60.404 +6.3 60.584
Imports 64.078 66.831 -4.1 66.908

NOTE: Analysts surveyed by Reuters forecast a trade deficit of C$4.50 billion in August.

($1=$1.3795 Canadian)

(Reporting by Dale Smith; editing by Promit Mukherjee) ((promit.mukherjee@tr.com, opens new tab))

Keywords: CANADA ECONOMY/TRADE

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.