Canada swings to C$1.78 billion trade surplus in March
Canada posted a C$1.78 billion trade surplus in March as energy and gold exports rose. This marks the first surplus in six months as total imports declined.
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Canada recorded a C$1.78B ($1.31B) trade surplus in March as energy and gold exports reached multi-year highs. The figure reverses a C$5.11B deficit in February and beats the C$2.88B deficit forecast by Reuters-polled analysts. This first surplus in six months signals a shift in trade dynamics driven by geopolitical price shocks.