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Merchandise trade surplus reported for Feb: StatsCan

Published by Brad Fougere on April 03, 2014

Buoyed by a 9.7 per cent increase in exported motor vehicles and parts, Canada’s trade surplus was $290 million in February up from a $337 million deficit in January. Total exports increased to $42.3 billion on a 1.4 per cent price increase and volumes up 2.2 percent. Prices of imports also grew 1.4 per cent with volumes up 0.6 per cent for a total of $42.1 billion coming into the country.

American, European and Japanese markets led the export gains with the US buying $9.9 billion worth of Canadian goods in February up 1.1 per cent from January. The EU (up 6.8 per cent) and Japan (up 12 per cent) offset an overall 3.8 per cent decline in the bulk, majority “all other countries” trade category.

The merchandise surplus was Canada’s first since September 2013.

Read the StatsCan report: http://www.statcan.gc.ca/daily-quotidien/140403/dq140403a-eng.htm

Found in: StatsCan Surplus

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