Canada September commerce steadiness -1.26 billion vs -Zero.80 billion

• Prior was -1.1 billion
• Exports $63.88 billion vs $64.31 billion prior
• Imports $65.15 billion vs $65.41 billion prior

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• Commerce deficit narrows to -$1.3B from -$1.5B prior
• Commerce surplus with US widens to $Eight.3B from $7.8B
• Exports to US rose 1.6%, imports up Zero.Eight%
• Power exports -2.6% on decrease crude oil costs
• Plane exports jumped 10.three% on increased US non-public jet shipments
• Metallic/mineral exports -5.four% on decrease gold transfers
• Actual exports +1.four%, exhibiting quantity beneficial properties regardless of nominal decline

The main points present a combined image with decrease commodity costs weighing on nominal values whereas actual volumes improved. The widening surplus with the US is a shiny spot, although a vulnerability within the election.

USD/CAD is down 25 pips to 1.3876 right this moment.

This text was written by Adam Button at www.ubaidahsan.com.



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