Canada Exports Exceed Imports for First Time Since Trade War
Canada achieved its first trade surplus since the U.S. trade war began in September, as exports increased by 6.3% and imports decreased by 4.1%. Exports to countries other than the United States rose sharply, while exports to the U.S. increased, and imports from the U.S. decreased. Statistics Canada reported the overall story to be positive, suggesting that the trade flow with the United States is beginning to stabilize, while also supporting diversification from the U.S.