Investing.com – Canada's trade in goods surplus widened faster than forecast in February, as exports of industrial goods and materials rose, official data showed on Tuesday.
In a report, Canada's statistics agency said the country's trade surplus with the world widened to CAD 1.4 billion during the month, from CAD 754 million in January. Economists had expected the figure to come in at CAD 0.8 billion.
Exports increased to CAD 34.0 billion in February from VAD 33.1 billion in January, the agency said, as prices and volumes each grew 1.4% in the fifth increase in export volumes and prices over six months.
Following the release of the report, the Canadian dollar rose against its U.S. counterpart, with USD/CAD shedding 0.04% to hit 1.0022.
In a report, Canada's statistics agency said the country's trade surplus with the world widened to CAD 1.4 billion during the month, from CAD 754 million in January. Economists had expected the figure to come in at CAD 0.8 billion.
Exports increased to CAD 34.0 billion in February from VAD 33.1 billion in January, the agency said, as prices and volumes each grew 1.4% in the fifth increase in export volumes and prices over six months.
Following the release of the report, the Canadian dollar rose against its U.S. counterpart, with USD/CAD shedding 0.04% to hit 1.0022.