Loonie steadies as Canada reports surprise trade surplus
Canada posted a surprise C$1.78 billion trade surplus in March as exports rose. The loonie held steady despite lower oil prices and falling bond yields.
Xurve View
Insights:
Xurve View
Canada recorded a surprise C$1.78B merchandise trade surplus in March as gold and crude exports surged. The figure reversed a C$5.11B deficit in February and beat analyst forecasts for a C$2.88B shortfall. While the headline beat is large, price fluctuations rather than underlying economic strength drove the trade balance shift.
