Investing.com - Canada posted its first trade surplus since April 2012 in October, official data showed on Wednesday.
In a report, Statistics Canada said that Canada’ trade surplus was CAD0.08 billion in October, compared to a deficit of CAD0.30 billion in September, whose figure was revised from a previously reported deficit of CAD0.44 billion.
Analysts had expected Canada to post a trade deficit of CAD1.0 billion in October.
Canada's merchandise exports decreased 0.3% to CAD40.47 billion, while imports declined 1.2% in October to CAD40.40 billion.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD adding 0.16% to trade at 1.0667.
In a report, Statistics Canada said that Canada’ trade surplus was CAD0.08 billion in October, compared to a deficit of CAD0.30 billion in September, whose figure was revised from a previously reported deficit of CAD0.44 billion.
Analysts had expected Canada to post a trade deficit of CAD1.0 billion in October.
Canada's merchandise exports decreased 0.3% to CAD40.47 billion, while imports declined 1.2% in October to CAD40.40 billion.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD adding 0.16% to trade at 1.0667.