The latest economic news from Stats Canada today indicates that while trading rose to a 2 and a half year high, it remained flat with our biggest trading partner, the USA. All figures in this article are in Canadian dollars.
Stats Canada indicated that Canada’s trade surplus rose to $1.86 billion in June which was the highest level is 2 and a half years. This was in sharp contrast to analysts estimates of a flat trade balance for June. Meanwhile May which had been initially reported as a deficit of $150 million was corrected to show a surplus of $580 million dollars.
The June figure is the highest since December 2011 which recorded a surplus of $2.43 billion.
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Canadian Economic News and Trade Ideas For August 6 2014
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