Statistics Canada reports $2B merchandise trade surplus for September

The agency says Canada's trade surplus for the month amounted to $2 billion compared with a revised surplus of $949 million for August.

Total exports rose 2.7 per cent to $67.0 billion in September. The increase came as exports of energy products gained 10.6 per cent at $16.9 billion, boosted by a 13.7 per cent increase in crude oil exports that was largely due to higher prices.Imports of motor vehicles and parts rose 5.8 per cent in September to $12.9 billion, while imports of industrial machinery, equipment and parts fell 3.6 per cent to $7.5 billion.This report by The Canadian Press was first published Nov. 7, 2023.

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