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