Canada’s Trade Surplus Narrows in January

Canada’s trade surplus declined to C$0.12 billion in January falling well short of the prediction of C$2.6 billion. A stronger Canadian dollar is making foreign goods more affordable for Canadian consumers and buyers certainly took advantage resulting in a 5.3 percent increase in imports to $37.4 billion. The higher dollar also hampered export sales with the country registering only a 0.8 percent increase to $37.5 billion.

Source: Reuters

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