Canada's trade surplus expands

August 12, 2008

12 August 2008

Canada's trade surplus expands

This article is excerpted from the 12 August 2008 edition of “globeandmail.com”.

Energy exports to the United States increased as Canada's trade surplus with the world expanded to $5.8-billion in June from $5.2-billion in May.

Statistics Canada reports companies exported merchandise worth $43.2-billion in June, up 3.1 per cent from the previous month.

Prices increased 4.5 per cent while volumes declined 1.4.

Overall, export prices have been on the rise for the past eight months, while volumes have been trending downward.

Imports rose two per cent to $37.4-billion, the third straight monthly increase….

Exports to the United States rose 5.3 per cent to $32.8-billion.

Imports also increased, but to a lesser extent, yielding a trade surplus with the United States of $9.6-billion, up from $8.1-billion….


Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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