Canada has first monthly trade surplus in 2 years

Posted by Marketwatch

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OTTAWA–After 21 consecutive monthly trade deficits, Canada recorded a small surplus in October as imports declined at a steeper pace than exports, Statistics Canada said Wednesday.

Canada posted a trade surplus in October of 75 million Canadian dollars ($70.4 million), whereas market expectations called for a deficit of C$770 million, according to economists at Royal Bank of Canada. The last time Canada recorded a trade surplus was in December, 2011.

Write to Paul Vieira at paul.vieira@wsj.com

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