Canada’s International Merchandise Trade posted a surplus in January. USD/CAD trades in the positive territory a little below 1.2700. Canada’s International Merchandise Trade increased to $1.4 billion in February from -$1.98 billion in January, Statistics Canada reported on Friday. This reading came in better than the market expectation of -$1.4 billion. “Canada posted a trade surplus of $1.4 billion in January, the first since May 2019, owing to a sharp 8.1% increase in merchandise exports,” the publication read. “It was also the largest surplus since July 2014. Imports rose 0.9% in January compared with the previous month.” Market reaction The USD/CAD pair edged modestly lower and was last seen trading at 1.2688, up 0.18% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE’s Haskel: Risks to activity remain skewed to downside FX Street 1 year Canada's International Merchandise Trade posted a surplus in January. USD/CAD trades in the positive territory a little below 1.2700. Canada's International Merchandise Trade increased to $1.4 billion in February from -$1.98 billion in January, Statistics Canada reported on Friday. This reading came in better than the market expectation of -$1.4 billion. "Canada posted a trade surplus of $1.4 billion in January, the first since May 2019, owing to a sharp 8.1% increase in merchandise exports," the publication read. "It was also the largest surplus since July 2014. Imports rose 0.9% in January compared with the previous month." Market reaction The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
