Canada Posts C$3.13 Billion Goods Trade Surplus in November

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By Kim Mackrael

 

OTTAWA–Canada recorded its largest trade surplus in more than a decade in November as exports and imports both hit record highs.

Statistics Canada said Thursday the country in November posted a goods-trade surplus of 3.13 billion Canadian dollars, or the equivalent of US$2.45 billion. The consensus was for a C$2.1 billion surplus, according to economists at TD Securities.

The previous month’s trade data were revised, and now indicate the goods-trade surplus was C$2.26 billion, compared with the previous C$2.09 billion estimate.

Exports rose 3.8% in November, while imports increased 2.4%. In the previous month, imports and exports both rose.

On a volume –or price adjusted — basis, exports rose 3.5% in November and imports increased 0.8%.

 

Write to Kim Mackrael at kim.mackrael@wsj.com

 

(END) Dow Jones Newswires

January 06, 2022 09:11 ET (14:11 GMT)

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