Latest data released by Statistics Canada - 5 October 2018
- Prior -$0.11 billion; revised to -$0.19 billion
- First trade surplus since December 2016
- Imports fell 1.5% m/m in real terms
- Exports fell 0.7% m/m in real terms
The spotlight is on the jobs report from both US and Canada but trade data here shows an improving trade balance back to surplus territory. Lower imports from non-US countries were the main contributor to the surplus as imports fell 4.5% from the mentioned - including from China. Of note, Canada's trade surplus to the US remains unchanged in August at $5.3 billion and remains the largest since October 2008.
