March 07, 2024 13:47 GMT
Jan Trade Balance +CAD0.5B, Imports Lowest Since Feb 2022
CANADA DATA
- Exports -1.7% MOM third consecutive monthly decline; imports -3.8% vs +0.2% in Dec.
- Trade balance is the fifth surplus in the past 6 months.
- Exports -7.5% YOY; imports -6%.
- Canadian exports and imports decrease with both the US and other countries.
- Excluding US, deficit narrowed to -CAD8.3B from -CAD9.4B in Dec; US surplus widened slightly to +CAD8.8B from +CAD8.6B.
- Dec trade balance revised from -CAD0.3B to -CAD0.86B.
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