- Prior was +1.14B
- Exports 67.04B vs 66.37B prior
- Imports 65.82B vs 65.23B prior
Canada's trade surplus is highly dependent on commodity prices, which have come down over the past six months. Still, Canada is sporting a trade surplus and that's a tailwind for the loonie. The rule of thumb is that a surplus on rising exports and imports is a sign of a solid economy and that's the case here, though the growth in imports/exports is small.
