Canada: Energy trade surplus at an all-time high in March – NFB By MSalordFX Canada TradeBalance Banks
Canada registered another trade surplus in March, although below expectations: CAD 2.49 billion vs CAD 3.90 billion. Analysts at the National Bank of Canada highlight the trade surplus with the US reached a fresh record high. “For the ninth time in the past ten months, Canada's trade balance remained in positive territory, with both exports and imports reaching all-time highs.
“Turning to quarterly data, trade in goods likely weighed on GDP growth in the first quarter of the year, as real exports contracted at a slightly faster pace than real imports . The increase in import volumes in the machinery equipment category , meanwhile, bodes well for investment spending in Q1.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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