• 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Your email address will not be published.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

  • Polar Vortex Patterns Explain Winter Cold Snaps Against Background Warming Trend
  • Scientists Tracked An Olm For 2,569 Days And It Did Not Move An Inch
  • Look Out For “Fireballs”: The Best Meteor Shower Of 2025 Is About To Commence, According To NASA
  • Why Do Many Large Language Models Give The Same Answer To This “Random” Number Query?
  • Adidas Jabulani: The World Cup Football So Bad NASA Decided To Study It
  • Beluga Whales Shake Their Blob-Like Melons To Say Hello And Even Woo A Mate, But How?
  • Gravitational Wave Detected From Largest Black Hole Merger Yet: “It Presents A Real Challenge To Our Understanding Of Black Hole Formation”
  • At Over 100 Years Of Age, The World’s Oldest Elephant Passes Away In India
  • Ancient Human DNA Reveals Earliest Zoonotic Diseases Appeared 6,500 Years Ago
  • Boys Are Better At Math? That Could Be Because School Favors Them Over Girls
  • Looptail G: Most People Can’t Recognize A Letter You Have Seen Millions Of Times
  • 24-Million-Year-Old Protein Fragments Are Oldest Ever Recovered, A Robot Listened To Spoken Instructions And Performed Surgery, And Much More This Week
  • DNA From Greenland Sled Dogs – Maybe The World’s Oldest Breed – Reveals 1,000 Years Of Arctic History
  • Why Doesn’t Moonrise Shift By The Same Amount Each Night?
  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Did We Accidentally Leave Life On The Moon In 2019 – And Could We Revive It?
  • 1.8 Million Years Ago, Two Extinct Humans Had One Of The Gnarliest Deaths In History
  • “Powerful Image” Of One Of The World’s Rarest Tigers Exposes The Real Danger In Taman Negara
  • Evolution, Domestication, And A Lot Of Very Good Boys: How Wolves Became Dogs
  • 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