Economics
Canadian Trade Surplus Jumped in August, Powered by Energy
- Shipments of coal, natural gas and oil surge along with metals
- But chip shortage weighed on two-way trade of cars and parts
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Canada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports.
The country’s merchandise trade surplus was C$1.94 billion ($1.5 billion) from a revised C$736 million surplus in July, Statistics Canada reported Tuesday in Ottawa. Economists were expecting a surplus of C$430 million, according to the median estimate in a Bloomberg survey.