In January, Canada reported a $496 million merchandise trade surplus with imports falling to their lowest since February 2022, at $61.8B.

Canada recorded a $496 million merchandise trade surplus in January as imports fell to their lowest level since February 2022, according to Statistics Canada. The surplus came after a revised trade deficit of $863 million in December. Total imports dropped 3.8% in January to $61.8 billion, with imports of consumer goods falling 7.1% due to a 19.0% decline in imports of pharmaceutical products.

March 07, 2024
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