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Export Boom Drives Canada’s Largest Trade Surplus Since 2014

  • Shipments rose 8.1% on broad-based gains across sectors
  • Shipments of used airplanes to U.S. a major contributor
Peas And Lentils Are The Latest To Be Hit by Container Squeeze
Photographer: Jennifer Gauthier/Bloomberg
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Canada’s trade sector unexpectedly recorded its largest surplus in more than six years on across-the-board increases in exports.

The nation ran a surplus of C$1.4 billion ($1.1 billion) in January from a revised deficit of C$1.98 billion in December, Statistics Canada said Friday in Ottawa. Economists were predicting a gap of C$1.4 billion. It marked the first time Canada has run a monthly trade surplus since May 2019, and represents the largest since 2014.