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Canada widens trade surplus to $4.2 billion in August
Exports rebounded in August, with energy product shipments rising 4.7% month on month.
Canada’s trade surplus widened to $4.2 billion in August, up from $787 million in the prior month, marking a sixth straight month of surplus, according to Action Forex.
Exports increased 2.5% month on month in August after a temporary pullback in July.
Energy product exports rose 4.7% month on month, helped by higher shipments of crude oil, diesel, and nuclear fuel.
The outlet also cited stronger consumer goods exports, which rose 6.6% month on month in August.
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