Investing.com - Canada’s trade surplus widened unexpectedly in June, as exports grew 1.1% and imports declined 1.8%, official data showed on Wednesday.
In a report, Statistics Canada said that Canada’ trade surplus was C$1.86 billion in June, compared to a surplus of C$580 million in May, whose figure was revised from a previously reported deficit of C$150 million.
Analysts had expected Canada to post a trade deficit of C$100 million in June.
Canada's merchandise exports grew 1.1% to a record high C$45.2 billion and imports decreased 1.8% to C$43.3 billion in June.
Following the release of the data, the Canadian dollar turned higher against its U.S. counterpart, with USD/CAD shedding 0.05% to trade at 1.0955, compared to 1.0969 ahead of the data.