MNI China Daily Summary: Friday, April 26

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Feb Trade Balance Surprises With "Significant Growth" At +CAD1.4B

CANADA DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Exports +5.8% MOM, the first increase after 3 consecutive monthly declines and the largest increase since Aug 2023 as gold exports post all-time high.
  • Imports +4.6% vs -3.8% in Jan, the highest level since June 2023.
  • Trade balance was expected to be +CAD0.8B, the surplus is the sixth in the past 7 months.
  • Exports +4.2% YOY; imports +1.4%.
  • Excluding US, deficit narrowed to -CAD7.7B from -CAD8.2B in Jan as exports +14.2% MOM. US surplus widened to +CAD9.1B from +CAD8.8B.
  • Strength in trade may add to bets that Q1 GDP will be stronger than expected.
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  • Exports +5.8% MOM, the first increase after 3 consecutive monthly declines and the largest increase since Aug 2023 as gold exports post all-time high.
  • Imports +4.6% vs -3.8% in Jan, the highest level since June 2023.
  • Trade balance was expected to be +CAD0.8B, the surplus is the sixth in the past 7 months.
  • Exports +4.2% YOY; imports +1.4%.
  • Excluding US, deficit narrowed to -CAD7.7B from -CAD8.2B in Jan as exports +14.2% MOM. US surplus widened to +CAD9.1B from +CAD8.8B.
  • Strength in trade may add to bets that Q1 GDP will be stronger than expected.