Record US-Canada Trade Surplus Driven by Tariff Reactions

Reported about 5 hours ago

In January, Canada achieved a record trade surplus of C$14.4 billion with the US, primarily due to increased exports of vehicles, auto parts, and energy amidst the impacts of US tariff threats. Exports rose 7.5%, with significant growth in the auto sector. While tariffs on Canadian goods have created trade dynamics, Canadian economists suggest that the uncertainty could lead to market volatility in the coming months.

Source: YAHOO

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