Canada’s merchandise trade surplus increased to $5.4B in September: StatCan

As exports edged higher and imports decreased, Statistics Canada says the country’s merchandise trade surplus increased to $5.4 billion in September.

StatCan says that compares to a $5 billion surplus in August. 

The agency says total exports rose 0.2 per cent in September to $78.6 billion, driven by stronger sales of crude oil and gold.

StatCan says in September, exports of energy products rose 8.2 per cent due to higher oil prices.

READ MORE: Canada’s trade surplus drops to $769M in July: StatCan

Meanwhile, exports of metal and non-metallic mineral products, including unwrought gold, went up 8.6 per cent. 

The agency says in September, total imports fell 0.3 per cent to $73.2 billion. This decrease took place as imports of motor vehicles and parts fell 9.1 per cent in the month.

StatCan says when adjusted for volume, total exports dropped by four per cent and imports decreased by 2.5 per cent. 

With Files From The Canadian Press

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