Canada’s merchandise trade surplus narrowed in February as imports rose at a faster pace than exports and some border crossings between Canada and the U.S. were blocked by protests
Statistics Canada said Tuesday the country’s trade surplus edged down to $2.7 billion in February from a revised $3.1 billion the month before.
Statistics Canada said imports of metal and non-metallic mineral products increased 14.3 per cent, due in part to uncertainty about the future supply of metals from Russia. By country, imports from China had the strongest growth by far, up 26.9 per cent. Many products contributed to this increase, including imports of pharmaceutical products like COVID-19 testing kits, Statistics Canada said.
Trade activity at these border crossings fell 8.8 per cent compared to the same month last year, with the Ambassador Bridge and Coutts crossings posting the largest declines, the agency said.
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