Canada Records Surplus with Record High Trade Levels

Canada registered a trade surplus in July with both imports and exports hitting new record high levels, according to the most recent data.

The trade surplus reached CAD 778 million, with exports rising 0.6% and imports surging by 4.2%, as per Statistics Canada.

June’s reading was revised to show a surplus of CAD 2.65 billion, from an early estimate of CAD 3.23 billion.