• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Canada’s trade surplus widens in August as imports fall

October 5, 2021 by David Barret Leave a Comment

October 5, 2021

By Julie Gordon

OTTAWA (Reuters) – Canada’s trade surplus with the world widened in August, easily beating analyst expectations, as strong exports of energy products outweighed a drop a two-way trade for motor vehicles and parts, data showed on Tuesday.

The country’s trade surplus was C$1.94 billion ($1.54 billion) in August, well ahead of the average analyst estimate of a surplus of C$430 million and up from a surplus of C$736 million in July.

Exports rose 0.8%, led by energy products – which rose to their highest level since March 2014 – and metal and non-metallic mineral products, which outweighed a drop in motor vehicle and parts exports.

Imports, meanwhile, fell by 1.4%, mostly on a decline in motor vehicle and parts imports.

“As we expected, the global chip shortage continued to impact production in that (motor vehicle) sector,” said Royce Mendes, senior economist at CIBC Capital Markets, in a note.

“The fact that the wider-than-expected surplus was largely the result of more weakness in goods imports than anticipated will likely blunt any impacts from the data on the Canadian dollar,” he added.

The Canadian dollar was trading nearly unchanged after the data, at 1.2589 to the greenback, or 79.43 U.S. cents.

($1 = 1.2589 Canadian dollars)

(Reporting by Julie Gordon in Ottawa, additional reporting by Fergal Smith in Toronto; Editing by Andrew Heavens and Steve Orlofsky)

Source Link Canada’s trade surplus widens in August as imports fall

David Barret
David Barret

Related posts:

  1. Mexican president’s legal counsel steps down, ally to step in
  2. The best PlayStation Classic prices and sales for September 2021
  3. Adobe jumps into e-commerce payments business in challenge to Shopify
  4. Investors with $4 trln assets aim to tackle Asian firms on climate change goals

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • The Bizarre 1997 Experiment That Made A Frog Levitate
  • There’s A Very Good Reason Why October 1582 On Your Phone Is Missing 10 Days
  • Skynet-1A: Military Spacecraft Launched 56 Years Ago Has Been Moved By Persons Unknown
  • There’s A Simple Solution To Helping Avoid Erectile Dysfunction (But You’re Not Going To Like It)
  • Interstellar Object 3I/ATLAS May Be 10 Billion Years Old, This Rare Spider Is Half-Female, Half-Male Split Down The Middle, And Much More This Week
  • Why Do Trains Not Have Seatbelts? It’s Probably Not What You Think
  • World’s Driest Hot Desert Just Burst Into A Rare And Fleeting Desert Bloom
  • Theoretical Dark Matter Infernos Could Melt The Earth’s Core, Turning It Liquid
  • North America’s Largest Mammal Once Numbered 60 Million – Then Humans Nearly Drove It To Extinction
  • North America’s Largest Ever Land Animal Was A 21-Meter-Long Titan
  • A Two-Headed Fossil, 50/50 Spider, And World-First Butt Drag
  • Interstellar Comet 3I/ATLAS Is Losing Buckets Of Water Every Second – And It’s Got Cyanide
  • “A Historic Shift”: Renewables Generated More Power Than Coal Globally For First Time
  • The World’s Oldest Known Snake In Captivity Became A Mom At 62 – No Dad Required
  • Biggest Ocean Current On Earth Is Set To Shift, Spelling Huge Changes For Ecosystems
  • Why Are The Continents All Bunched Up On One Side Of The Planet?
  • Why Can’t We Reach Absolute Zero?
  • “We Were Onto Something”: Highest Resolution Radio Arc Shows The Lowest Mass Dark Object Yet
  • How Headsets Made For Cyclists Are Giving Hearing And Hope To Kids With Glue Ear
  • It Was Thought Only One Mammal On Earth Had Iridescent Fur – Turns Out There’s More
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version