Statistics Canada reports $1.9 billion merchandise trade surplus for January

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Statistics Canada reports $1.9 billion merchandise trade surplus for January
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Statistics Canada says the country posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans

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The agency says the result compared with a revised surplus of $1.2 billion for December. The initial reading for the final month of 2022 released last month had showed a deficit of $160 million.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Exports of motor vehicles and parts climbed 8.2% higher in January to $8.3 billion, the highest level since May 2019. Meanwhile, total imports rose 3.1% to $65.1 billion in January as imports of motor vehicles and parts gained 11.1% to reach a record $11.0 billion.Share this article in your social network

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