Canada Posts C$1.78 Billion Trade Surplus in March
Canada posted a C$1.78 billion trade surplus in March as oil and gold exports rose. Total exports grew 8.5 percent while imports saw a broad decline.
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Canada recorded a C$1.78B merchandise trade surplus in March as energy and gold exports offset a decline in imports. The figure reversed a C$5.11B deficit in February and beat the C$2.88B deficit forecast by Reuters analysts. This first surplus in six months signals a shift in trade dynamics driven by geopolitical energy price spikes.
