Canadian trade rebounds in September

Avatar photo

OTTAWA, Ont. — Merchandise trade rebounded in September, recovering most of the declines experienced in August, largely because of the power blackout in Ontario and the northeastern United States.

Canadian companies exported $33.7 billion in merchandise in September, up 4.7%, according to Statistics Canada. At the same time, imports rose 4.5% to just over $28.0 billion.

As a result, Canada’s trade surplus with the rest of the world increased for the third consecutive month, surpassing $5.6 billion. During the past three months, the trade balance has increased by more than $1 billion.

The trade surplus with the United States also improved in September, rising from $7.7 billion to just over $8.1 billion, thanks to strong movements in the automotive and forestry sectors.

American companies purchased $27.7 billion in Canadian merchandise, up 4.4%. These exports accounted for 82% of Canada’s total. Canada in turn purchased $19.6 billion from the United States, up 4.0%, accounting for about 70% of total imports.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*