Canada's Economy Unexpectedly Posts Trade Surplus on Import Drop
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Canada’s economy recorded a trade surplus for the first time since December 2016, largely driven by falling imports.
The nation posted a C$526 million ($407 million) surplus in August, its first since December 2016, Statistics Canada reported in Ottawa. The move into surplus was due to a 2.5 percent drop in imports. Exports also fell by 1.1 percent.