Canada posts $1.2B merchandise trade surplus for October: Statistics Canada

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Canada posts $1.2B merchandise trade surplus for October: Statistics Canada
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Canada's merchandise trade surplus grew to $1.2 billion in October as a depreciation in the Canadian dollar helped lift the value of both exports and imports, Statistics Canada said Tuesday.

The result compared with a revised surplus of $607 million in September compared with its earlier reading of a surplus of $1.1 billion.

Meanwhile, total imports rose 0.6 per cent to $65.8 billion in October as imports of motor vehicles and parts gained 4.6 per cent to $10.3 billion. In volume terms, total exports rose 0.1 per cent in October, while imports in volume terms fell 0.9 per cent.

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