Saturday, May 31, 2025

Latest

Canada Records Second Straight Monthly Trade Surplus

For the second month in a row, Canada recorded a positive trade balance, as merchandise exports continue to outweigh imports.

In February, Canada’s trade surplus slightly fell to $1 billion, following a downward revised $1.2 billion surplus in the month before. This is the first time that Canada had a positive trade balance for two consecutive months since 2016. Following an 8.2% surge in January, total exports fell by 2.7% to $49.9 billion in February, but still remained 4.1% above pre-pandemic levels recorded during the same period last year.

The majority of the decline in exports was attributed to a decrease in metal and non-metallic mineral products, motor vehicles and parts, and aircraft and other transportation equipment and parts product sections. Canada’s energy product exports were able to partially offset the decline, as they increased by 18.3% to $9.5 billion— the highest level since December 2019.

Canada’s imports also suffered a drop in February, falling by 2.4% to $48.8 billion— the lowest level since August of 2020. The largest declines were noted among motor vehicles and parts imports, followed by imports of energy products. However, an increase of 29.1% in aircraft and other transportation equipment and parts imports was able to slightly outweigh February’s overall decline.

In the meantime, Canadian exports to the US rose by 0.8% in February, to a total of $37.4 billion. Significant increases in exports of natural gas and crude oil were more than able to offset the large declines in exports of motor vehicles and parts. Canada’s trade surplus with the US rose from $5.9 billion in January to $6.8 billion in February, marking the largest surplus with the country since September 2008.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Poilievre Blasts Trump Tariffs, Announces Plan to Boost Canadian Investments

Conservative Leader Pierre Poilievre on Thursday called on US President Donald Trump to end his...

Friday, March 28, 2025, 11:40:00 AM

Consumer Sentiment Among Canadians Enters Standstill As 51% Anticipate Economy Will Contract Once Again

Following the Federal Government’s pledge for additional emergency spending in face of the coronavirus pandemic,...

Monday, October 5, 2020, 03:16:39 PM

Canada’s Unemployment Rate Jumps to 8.2% in May Amid Tighter Covid-19 Restrictions

Canada’s labour market continued to lose momentum last month, as widespread Covid-19 restrictions further hindering...

Sunday, June 6, 2021, 11:12:00 AM

MP Michelle Rempel Garner Calls Out Liberals for Spending $6 Million On A Quarantine Hotel In 2022

A Calgary MP, Michelle Rempel Garner, is questioning the government over the spending of millions...

Friday, February 3, 2023, 06:18:00 AM

Canadian Wholesale Trade Fell by 21.6% in April Amid Coronavirus Pandemic

The coronavirus pandemic caused many businesses across Canada to shut their doors, while consumers were...

Friday, June 19, 2020, 12:41:00 PM