Published 2 months ago • loading... • Updated 1 month ago

Statistics Canada says merchandise trade surplus $708 million in December

Canada's merchandise trade surplus was $708 million in December, marking the first surplus since February 2024, according to Statistics Canada.
Exports rose 4.9 percent to $69.5 billion in December, with energy product exports increasing by 9.5 percent, driven by higher crude oil prices.
The trade surplus with the U.S. Widened to $11.3 billion in December, up from $8.2 billion in November, as exports to the U.S. Rose by five percent.
Imports from the U.S. Fell 1.5 percent in December, and Canada's overall trade surplus with the U.S. For 2024 was down to $102.3 billion from $108.3 billion in 2023.

Insights by Ground AI

Does this summary seem wrong?

28 Articles

All

Left

Center

Right

True North News

Canada reports first trade surplus since February, $708 million in December

For the first time in ten months, Statistics Canada is reporting a trade surplus with the rest of the world, exporting more than it imported in December. According to a Statistics Canada report for December, Canada’s merchandise exports increased by 4.9 per cent, and its imports increased by 2.3 per cent from November. This change brought Canada’s trade balance of physical goods with the rest of the world from a $986 million deficit in November…

1 month ago

Read Full Article

The Epoch Times

Trade Surplus With US 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. The global trade surplus in goods came in at $708 million for the month, compared with a revised deficit of $986 million in November, to mark the first merchandise trade surplus since February 2024. The increase came as higher oil prices drove an 11 percent growth in crude exports. The trade s…

2 months ago·New York, United States

Read Full Article

Prince George Citizen

+7 Reposted by 7 other sources

Trade surplus with U.S. widened in December but down overall in 2024: StatCan

OTTAWA — 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.

2 months ago

Read Full Article

CTV News

Canada posts first trade surplus in 10 months of $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, data showed on Wednesday.

2 months ago·Canada

Read Full Article

Cranbrook Daily Townsman

+6 Reposted by 6 other sources

Trade surplus with U.S. widened in December, down overall in 2024: StatCan

Canada’s global trade surplus in goods came in at $708 million for the month

2 months ago·Cranbrook, Canada

Read Full Article

City News

+6 Reposted by 6 other sources

Statistics Canada says merchandise trade surplus $708 million in December

OTTAWA — Statistics Canada says the country’s merchandise trade surplus with the world was $708 million in December. The result compared with a revised deficit of $986 million in November and marked the first merchandise trade surplus since February 2024. The agency says exports rose 4.9 per cent to $69.5 billion in December. Exports of […]

2 months ago·Toronto, Canada

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year