Canada's Trade Surplus Soars in February Driven by Record Gold Exports
Thursday, 4 April 2024, 12:41
Canada's Trade Surplus in February
In a recent report, Canada showcased a remarkable trade performance for the month of February, surpassing expectations with a significant surplus driven by soaring exports and robust trade activity. The country experienced notable growth in both total exports and imports, with the former marking the fastest expansion rate since August. The highlight of this exceptional performance was the record increase in gold exports, contributing significantly to Canada's trade surplus.
Key Points:
- Total exports surged by 5.8% to $66.62 billion
- Imports increased by 4.6% to their highest level since June
- Gold exports reached record levels, driving the trade surplus
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.