Statistics Canada reports that Canada’s merchandise trade surplus increases to about $4.2 billion in May, its largest surplus in about four years. Multiple outlets say the surplus widens for the fourth consecutive month and reaches a four-year high as exports rise to a record level. The reports attribute the change primarily to stronger export performance, including higher shipments to the United States, which is cited as a key driver in some coverage. Several sources also note that the April surplus figure used for comparison is revised higher than previously reported. In particular, April’s surplus is described as $3.4 billion after revision, compared with an earlier initial estimate of about $2.7 billion. One outlet characterizes the May surplus as the largest since May 2022. Across the coverage, the common points are that the surplus widens in May, exports hit record highs, and the result marks an extended run of monthly increases in the overall trade balance, according to Statistics Canada.
Canada’s merchandise trade surplus rises to about $4.2B in May, four-year high
Statistics Canada reports that Canada’s merchandise trade surplus increases to about $4.2 billion in May, its largest surplus in about four years. Multiple outlets say the surplus widens for the fourt...
- Canada’s merchandise trade surplus reaches about $4.2 billion in May, the largest in about four years.
- The surplus widens for the fourth consecutive month.
- Exports rise to a record high, contributing to the larger surplus.
- Some reporting cites higher exports to the United States as a key factor.
- April’s surplus figure is revised higher versus the initial estimate used earlier in reporting.
OTTAWA — Canada's merchandise trade surplus increased to $4.2 billion in May, the largest surplus in four years, as exports rose to a record high, Statistics Canada said Tuesday. The agency said the result compared with a surplus of $3.
1 month agoIt's the largest trade surplus since May 2022
1 month agoOTTAWA — Canada’s merchandise trade surplus increased to $4.2 billion in May, the largest surplus in four years, as exports rose to a record high, Statistics Canada said Tuesday. The agency said the result compared with a surplus of $3.4 billion in April, which was revised from its initial reading of $2.7 billion. BMO senior […]
1 month agoSurplus rose for the fourth consecutive month, reaching a four-year high
1 month ago
FPIs turn net buyers in India as equity inflows reverse four-month selloff
Foreign portfolio investors (FPIs) reverse a four-month selling trend and become net buyers of Indian equities in July,...
Market valuation swings: top Indian firms add ₹2.51 lakh crore while others lose ₹1.13 lakh crore
India’s biggest listed companies see sharp week-to-week swings in combined market capitalisation, with different outlets...
Coal India, ONGC and others announce stock splits, bonus issues and dividends
Several Indian listed companies announce corporate actions this week, including stock splits, bonus issues and dividends...