Canada Swings to C$708 Million Goods-Trade Surplus

Canada Swings to C$708 Million Goods-Trade Surplus in December
A jump in Canadian energy exports to the U.S. and further weakening of the loonie saw Canada’s trade surplus with its neighbor balloon in December, helping the country to its first goods-trade surplus with the world in 10 months.
Canada posts first trade surplus in ten months of C$708 million
Canada saw its first trade surplus in ten months in December as exports continued to expand faster than imports, led by higher energy product exports, higher crude oil prices and partly by weaker local currency,
Canada’s Trade Surplus With US Highest Since 2022 on Oil
Canada’s energy exports to the US jumped at the end of last year, pushing the country’s trade surplus with its biggest customer to the highest in more than two years.
Canada posts first trade surplus in ten months in December as exports continue to expand
The December trade surplus was at $708-million, from a revised deficit of $986-million the prior month, helped by an 4.9% growth in exports, Statistics Canada said
Canada posts first trade surplus in 10 months, driven by US stockpiling, strong demand
Canada in December posted its first trade surplus in 10 months as exports expanded faster than imports, led by a push by U.S. businesses to build up inventory ahead of potential tariffs on Canada and generally strong U.
U.S.-Canada trade faces uncertainty in 2025
Canada's energy exports surged at the end of 2024, pushing its trade surplus with the united states to the highest level in over two years. But with president trump back in the white house, new tariff threats could shake up North America's trade.
Trade surplus with U.S. widened in December but down overall in 2024: StatCan
Canada's trade surplus with the U.S. widened in December as overall exports rose thanks in part to higher energy prices, Statistics Canada said Wednesday.
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