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Canada delivers third straight monthly trade surplus

Exports hit new high; merchandise trade balance with the world widened to $807 million in January.


OTTAWA — Canada kicked off 2017 with a third-straight monthly trade surplus that saw exports reach a record high.

Statistics Canada says the country’s merchandise trade balance with the world widened to $807 million in January.

The agency says exports increased 0.5% to hit a record $46.5 billion in January.

Canada’s exports to the United States rose 2.3%, while imports from its neighbour rose 0.3%.

The country’s trade surplus with the US grew from $3.8 billion in December to $4.5 billion in January.

The agency says Canada’s overall imports decreased in January by 0.3%.

The decline was due to a drop in imports of metal and non-metallic mineral products, industrial machinery, equipment and parts, but was offset in part by an increase in imports of motor vehicles and parts.

News from © Canadian Press Enterprises Inc. 2016

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