Statistics Canada announced that the country’s merchandise exports increased 2.7% in September, while imports rose 1.0%.
As a result, Canada’s merchandise trade surplus widened from $949 million in August to $2.0 billion in September.
The Federal agency notes that total exports were up for a third consecutive monthly increase. Increases were observed in 7 of the 11 product sections in September, with energy products accounting for most of the gain in total exports.
Exports to countries other than the United States increased 2.9% in September, while imports from these countries edged down 0.2%. As a result, Canada’s merchandise trade deficit with countries other than the United States narrowed from $10.1 billion in August to $9.6 billion in September.
Exports to the United States were up 2.6%, largely because of higher exports of energy products. Meanwhile, imports from that country rose 1.7%. As a result, Canada’s trade surplus with the United States widened for a third consecutive month, from $11.0 billion in August to $11.7 billion in September.