Statistics Canada announced that the country’s merchandise imports were up 3.9% in February, following a 7.5% decline in January. Meanwhile, exports rose 2.8%, largely due to higher exports of energy products. As a result, Canada’s merchandise trade surplus with the world narrowed from $3.1 billion in January to $2.7 billion in February.<\/p>\n
The Federal Agency said total imports reached $56.1 billion in February offsetting almost half of the sharp decline (-7.5%) observed in January. Gains were observed in 9 of 11 product sections, with 8 of them posting increases of more than $100 million.<\/p>\n
Total exports climbed to a record $58.7 billion. Overall, there were increases in 8 of 11 product sections, with each gain topping $100 million.<\/p>\n
On a per country basis, imports from countries other than the United States rose 10.8% in February. China (+26.9%) had the strongest growth by far. Exports to countries other than the United States were up 8.1%. Canada’s trade deficit with countries other than the United States widened from $6.6 billion in January to $7.7 billion in February.<\/p>\n
Exports to the United States rose 1.3% in February, while imports from the United States edged down 0.1%. As a result, Canada’s trade surplus with the United States widened from $9.7 billion in January to $10.3 billion in February, the largest trade surplus with the United States since December 2005.<\/p>\n","protected":false},"excerpt":{"rendered":"
Statistics Canada announced that the country’s merchandise imports were up 3.9% in February, following a 7.5% decline in January. Meanwhile, exports rose 2.8%, largely due to higher exports of energy products. As a result, Canada’s merchandise trade surplus with the world narrowed from $3.1 billion in January to $2.7 billion in February.<\/p>\n","protected":false},"author":5,"featured_media":3358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[147],"types-de-nouvelles":[],"class_list":["post-4470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-custom-brokerage","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/4470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=4470"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/4470\/revisions"}],"predecessor-version":[{"id":4472,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/4470\/revisions\/4472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/3358"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=4470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=4470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=4470"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=4470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}