Canada international merchandise trade +1.41B vs -1.4B estimate

Author: Greg Michalowski | Category: News

Canada Merchandise trade for January 2021

The Canada trade data came in at 1.41B vs -1.40B estimate. It is the first surplus since 2019
  • imports rose 0.9% in January
  • exports rose 8.1% in January
  • The surplus of C$1.41 billion was the first since 2019
  • prior month deficit came in at C$198 billion
  • exports were led by energy products which were up 5.9% on rising oil prices. Nonenergy shipments increased 8.5%
  • shipments to US rose 11.3% to the highest level since September 2019
  • monthly service exports were up 0.5% to $9.3 billion versus a 2.7% increase in imports
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