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Canada Trade Surplus Widens to 2-1/2 Year High of C$1.9 Billion

Posted August 06, 2014

Under Economic Issues, International Trade Issues

(Reuters)

Canada’s trade surplus soared unexpectedly to a two and a half year high C$1.86 billion ($1.69 billion) in June, boosted by record exports and falling imports, Statistics Canada data indicated on Wednesday.

Market analysts had expected a flat trade balance in June, and Statscan revised May’s data to a surplus of C$0.58 billion from an initial deficit of C$0.15 billion.  The June surplus was the largest since the C$2.43 billion recorded in December 2011. Read more here.