Canada: Energy trade surplus at an all-time high in March – NFB

Canada registered another trade surplus in March, although below expectations: CAD 2.49 billion vs CAD 3.90 billion. Analysts at the National Bank of Canada highlight the trade surplus with the US reached a fresh record high. “For the ninth time in the past ten months, Canada's trade balance remained in positive territory, with both exports and imports reaching all-time highs.

“Turning to quarterly data, trade in goods likely weighed on GDP growth in the first quarter of the year, as real exports contracted at a slightly faster pace than real imports . The increase in import volumes in the machinery equipment category , meanwhile, bodes well for investment spending in Q1.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top 20 Electric Cars In The World — March 2022 (Charts)Global plugin vehicle registrations were up 60% in March 2022 compared to March 2021. There were 851,000 registrations, the second best month ever, representing 15% share of the overall auto market (11% BEV share), which Japanese OEMs nowhere to be seen. What a shame, Toyota
Source: cleantechnica - 🏆 565. / 51 Read more »