Canada’s Trade Surplus Widens in August as Imports Fall

Canada’s Trade Surplus Widens in August as Imports Fall
A truck moves past stacked shipping containers at the Port of Montreal in Montreal, Quebec, Canada, on May 17, 2021. Christinne Muschi/Reuters
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OTTAWA—Canada’s trade surplus with the world widened in August, easily beating analyst expectations, as strong exports of energy products outweighed a drop in a two-way trade for motor vehicles and parts, data showed on Tuesday.

The country’s trade surplus was C$1.94 billion ($1.54 billion) in August, well ahead of the average analyst estimate of a surplus of C$430 million and up from a surplus of C$736 million in July.