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.
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According to recent data from Statistics Canada, the number of Canadian residents returning from the U.S. in August experienced a significant decline, falling by 29.7% to 2.9 million trips. Simultaneously, U.S. residents visiting Canada also decreased, but to a lesser extent, resulting in more Americans travelling to Canada than Canadians travelling to the States for the third time since June 2006. While Canadian travel to the U.S. decreased, overseas trips by Canadians and non-U.S. residents visiting Canada both saw increases. The growth in overseas visitors was primarily due to travelers from Europe and Asia.
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John Q. Hosedrinker