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Canada Posts Record $4 Billion Trade Surplus in January

3/7/2025

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Summary

Story summary

Canada’s goods exports grew 5.5% in January 2025, totaling $74.5 billion, while imports rose 2.3% to $70.5 billion, creating a $4.0 billion trade surplus.
Exports to the U.S. jumped 7.5%, achieving a record surplus of $14.4 billion, fueled by cars and energy products.
Year-over-year, total exports surged 20.3%, and imports increased 14.1%, transitioning Canada from a deficit to a $3.2 billion surplus.

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Story summary

Canada’s goods exports grew 5.5% in January 2025, totaling $74.5 billion, while imports rose 2.3% to $70.5 billion, creating a $4.0 billion trade surplus.
Exports to the U.S. jumped 7.5%, achieving a record surplus of $14.4 billion, fueled by cars and energy products.
Year-over-year, total exports surged 20.3%, and imports increased 14.1%, transitioning Canada from a deficit to a $3.2 billion surplus.