Canada swung to first trade surplus since 2019 in January as exports surged

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(CBC)

Exports of aircraft, gold bars and energy products all surged to start the year

January saw Canada post its first trade surplus since May 2019 as exports surged higher to start the year.

Statistics Canada said Friday that the surplus of $1.4 billion was the largest since July 2014 and compared with a revised deficit of nearly $2 billion in December.

Economists on average had expected a deficit of $1.4 billion for January, according to financial data firm Refinitiv.

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