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Canada trade balance Jan CAD -0.66bln vs -0.9bln exp

Latest Canadian trade data now out

  • C$-0.63bln prev revised down from C$-0.59bln
  • exports C$ 46.0 bln vs C$ 45.53bln prev
  • imports C$ 46.65bln vs C$ 46.16bln prev
  • labour productivity Q4 qq +0.1% vs 0.0% exp vs +0.4% prev revised up from +0.1%

Better than expected readings helping to cap USDCAD rally after stronger US NFPs. Still weaker than previous though but exports, up 1.0%, have risen for the third month in a row.

Imports rose 1.1% with gains in motor vehicles and other parts being offset by a decline in aircraft and other transportation and parts.

Canadian trade surplus with US grew to C$3.7bln vs C$3.13bln prev

USDCAD 1.3420

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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