Gantry cranes tower above container ships being unloaded and loaded at port, in Vancouver, on Thursday, February 10, 2022.Statistics Canada says the country's merchandise trade surplus grew to $1.2 billion in October as exports climbed faster than imports.THE CANADIAN PRESS/Darryl Dyck
OTTAWA – Statistics Canada says the country’s merchandise trade surplus grew to $1.2 billion in October as exports climbed faster than imports.
The result compared with a revised surplus of $607 million in September compared with its earlier reading of a surplus of $1.1 billion.
The agency says total exports rose 1.5 per cent to $67 billion in October as exports of consumer goods gained 9.7 per cent to $7.7 billion.
Exports of farm, fishing and intermediate food products increased 10.2 per cent in October to a record $5.5 billion, boosted by exports of canola and wheat.
Meanwhile, total imports rose 0.6 per cent to $65.8 billion in October as imports of motor vehicles and parts gained 4.6 per cent to $10.3 billion.
In volume terms, total exports rose 0.1 per cent in October, while imports in volume terms fell 0.9 per cent.
This report by The Canadian Press was first published Dec. 6, 2022.
