Canada records $1.78 billion trade surplus in March
Canada’s merchandise trade balance swung to a $1.78 billion surplus in March, defying expectations of a $2.88 billion deficit.
Total exports rose 8.5% to $72.8 billion, the second-highest level on record.
The country’s energy exports jumped 15.6% year-over-year, driven by a nearly 20% spike in crude oil prices amid the war in Iran.