assume that as Europe and U.S. go...
so goes Canada.
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Who was the most surprised by the shift from trade deficit to surplus...
U.S. or The Canucks?
But, in these uncertain times, this is a BIG deal.
Oh Canada...!!!
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Exports to the United States increased five per cent to $28.2 billion, the highest value since January.
Imports from the United States decreased one per cent to $23.8 billion.
As a result, Canada's trade surplus with the United States rose to $4.4 billion in September from $2.8 billion in August.
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Exports to countries other than the United States rose 2.3 per cent to $11.5 billion, the fifth straight monthly increase.
Imports from countries other than the United States rose 0.7 per cent to $14.7 billion.
Consequently, the trade deficit with countries other than the United States fell to $3.1 billion in September from $3.3 billion in August, the lowest level so far this year.
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Exports of agricultural and fishing products increased 9.4% to $3.7 billion, the highest level since peaking in October 2008.
Leading the sector was canola, which hit a record high of $444 million in September.
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Canada posts trade surplus as exports rebound
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