Canada Trade Surplus Widens Sharply in August to C$4.2 Billion
Canada's goods-trade surplus widened to C$4.2 billion in August, the largest surplus in over four years. Exports to the U.S. jumped ahead of new tariffs.
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Canada's goods-trade surplus widened to C$4.2 billion in August, the largest surplus in over four years. Exports to the U.S. jumped ahead of new tariffs.
The US trade deficit increased 13.7% to $105.6 billion in August, exceeding economists' forecasts. Imports rose to a record high of $420.8 billion, while exports increased to $315.2 billion, indicating robust domestic demand.
By Robb M. StewartOTTAWA--Canada's goods-trade surplus with the world ballooned to the largest in more than four years as tariff front-running drove a jump in exports to the U.S.The surplus recorded by Canada for August widened to 4.2 billion Canadian dollars, the equivalent of about US$2.94 billio…
Canada's trade surplus widened substantially in August to C$4.2 billion, exceeding analyst expectations. This surge was driven by a significant increase in exports, particularly to the United States, as businesses sought to ship goods before new U.S. tariffs were implemented.
OTTAWA, Oct 6 (Reuters) — Canada's trade surplus widened to C$4.20 billion ($2.94 billion) in August, as exports grew and imports fell, Statistics Canada said on Tuesday. This was the sixth consecutive monthly surplus. The Canadian dollar appreciated 1.1 U.S. cents in August versus the July average, affecting trade val
By Robb M. StewartOTTAWA--Canada's merchandise-trade surplus with the rest of the world widened sharply in August as shipments to the U.S. jumped ahead of fresh tariffs late in the month.The country posted a goods-trade surplus of 4.2 billion Canadian dollars, the equivalent of about US$2.94 billio…