Prior was -1.26BExports $64.22B vs $63.88B priorImports $65.14B vs $65.15B priorFirst increase in exports since June, but gains were concentrated in precious metalsTrade surplus with US shrank to C$6.2B from C$7.9B as exports to US fell 2.8%Gold exports surged, especially to UK and Hong Kong (+20.9%)
Key Details:
8 of 11 export sectors declined despite headline gainConsumer goods exports +4.7%, led by pharma productsUS remains key concern with exports down 8.0% y/y
Worth noting:
Import data quality issues due to new customs system implementationServices deficit of C$77M vs +C$155M surplus in September
This article was written by Adam Button at www.forexlive.com.
