- Canada posted international trade surplus for second straight month in February.
- USD/CAD continues to trade in the positive territory above 1.2600.
Canada's merchandise trade surplus with the world narrowed to $1,04 billion in February from $1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts' estimate for a surplus of $1 billion.
"In February, Canada's merchandise exports decreased by 2.7%, while imports fell 2.4%," the publication further read. "Canada's trade deficit with countries other than the United States widened from $4.7 billion in January to $5.7 billion in February."
This report was largely ignored by market participants and the USD/CAD pair was last seen gaining 0.45% on the day at 1.2620.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.