Canada Balance Commerciale

Canada reported a trade surplus of CAD 1.4 billion in February 2024, more than a revised CAD 0.6 billion surplus in January and well above market forecasts of a CAD 0.8 billion surplus. Exports jumped by 5.8% over a month to CAD 66.6 billion. Shipments surged for metal & non-metallic mineral products (31.1%), primarily unwrought gold, silver, & platinum group metals (68.8%). Additionally, sales of farm, fishing & intermediate food products aircraft (9.7%) and motor vehicles and parts (3.8%) went up. Meanwhile, imports rose by slower 4.6% to CAD 65.2 billion, mainly due to increasing purchases of electronic and electrical equipment and parts (9.7%), consumer goods (3.3%), and energy products (10.2%).