Canadian trade balance data
- Exports +1.3%
- Imports -1.4%
- Export volumes +2.0%
- Import volumes -1.9%
Canadian canola exports fell 14.7% after China halted shipments. The gain in export volumes over the past two months was the best since 2016.
This is a nice surprise for Canada and will lead to revisions higher in Q2 GDP estimates.
