Economy

Canada's trade surplus widens sharply to C$4.2 billion in August

Canada's trade surplus widened to C$4.2 billion in August, well above the C$1.55 billion expected, as exports rose and imports fell.

Exports rose 2.5% on the month while imports fell 2%, marking the country's sixth consecutive monthly trade surplus.

For beginners A trade balance shows the gap between what a country sells abroad and buys from abroad: a sustained surplus signals strong foreign demand for its goods and typically supports the national currency.