Canada reports 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 first surplus in six months followed a sharp jump in crude oil prices.
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Canada posted a C$1.78B merchandise trade surplus in March, reversing a C$5.11B deficit from the previous month. The result beat Reuters analyst forecasts of a C$2.88B deficit and marks the first surplus in six months. Surging energy and metal exports provide a buffer for the Canadian economy as markets weigh year-end interest rate cuts.
