Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canada Imports, Exports Rise in February, as Trade Deficit Becomes Surplus: StatsCanTuesday, April 08, 2014 > 10:33:05
Statistics Canada says merchandise exports grew 3.6% and imports were up 2.1% in February.
It says Canada's trade balance with the world went to a surplus of $290 million in February from a deficit of $337 million in January.
The report says exports rose to $42.3 billion on the strength of motor vehicles and parts as well as energy products.Imports grew to $42.1 billion on higher imports of energy products, motor vehicles and parts, as well as industrial machinery, equipment and parts.
Exports to the United States rose 4.4% to $32.4 billion and imports increased 3.3% to $28.1 billion as the trade surplus with the United States increased to $4.3 billion in February from $3.9 billion in January.
Exports to other countries were up 1.1% to $9.9 billion while imports edged down 0.2% to $14 billion, narrowing the trade deficit with those countries to $4 billion in February from $4.2 billion in January.