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Canadian January trade balance +1.92B vs -0.06B expected

Prior was -0.16B (revised to +1.2B)
Exports +67.02B vs +62.97B prior
Imports +65.10B vs +63.13B prior
Trade deficit ex-USA $7.1B vs $7.2B prior
Surplus with USA $9.0B vs $8.4B prior

This is a positive surprise and the best reading since June 2022 and comes with a solid positive revision to the prior. The increase was widespread with all exports increasing except energy with total exports ex-energy hitting an all-time high of $51.6B. Exports of... Read More

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Content Topics

Canadian

January

Trade

Balance

92b

06b

Expected

1 92b

0 06b

Forex

Posted: Mar 8 2023, 13:30

Author Name: forexlive

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