Canada Posts Trade Surplus in June

Canada posted its largest merchandise trade surplus in more than a decade in June because of a sharp jump in exports.

Statistics Canada said Thursday that Canada recorded a goods-trade surplus of 3.23 billion Canadian dollars, or the equivalent of $2.58 billion. Market expectations were for a C$550 million deficit, according to economists at TD Securities.
Exports jumped 8.7% in June, while imports were down 1%.

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