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Sept Trade Balance +CAD2B vs +CAD1B Expected

CANADA DATA
  • Exports +2.7% MOM vs +5.7 in Aug; imports +1% vs +3.8% in Aug.
  • Trade surplus is widest since June 2022.
  • From June to September, exports +11%.
  • Exports +1.2% YOY; imports -0.6%.
  • Excluding US, deficit -CAD9.6B from -CAD10.1B in Aug; US surplus +CAD11.7B from +CAD11B.
  • Q3 Exports +4.3% led by energy, the first increase in four quarters; imports -0.8%.
  • Q3 Real Exports +0.6%, imports -0.4%.

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