Canada: Trade surplus widens as investment rises – RBC
The post Canada: Trade surplus widens as investment rises – RBC appeared on BitcoinEthereumNews.com. Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canada’s merchandise trade surplus increased to $4.2 billion in May from $3.4 billion in April, as exports grew and imports slipped. They highlight weaker energy price support, falling export volumes, and rising industrial machinery imports as signs of shifting demand and improving business investment within an uncertain trade environment. Surplus grows as volumes soften “Canada’s merchandise trade surplus widened to $4.2 billion in May from $3.4 billion in April (revised upward from $2.7B), as exports rose 0.9% while imports declined 0.2%.” “Still, monthly trade data are heavily influenced by commodity prices and individual product categories, making it important to look beyond headline values when assessing underlying conditions.” “Export volumes excluding price effects fell 0.5% in May, providing a clearer rea