Investing.com - Canada’s trade surplus widened more than expected in February, as exports grew 3.6% and imports rose 2.1%, official data showed on Thursday.
In a report, Statistics Canada said that Canada’ trade surplus was C$290 million in February, compared to a deficit of C$340 million in January, whose figure was revised from a previously reported deficit of C$180 million.
Analysts had expected Canada to post a trade surplus of C$200 million in February.
Canada''s merchandise exports grew 3.6% to C$42.35 billion and imports increased 2.1% to C$42.06 billion in February.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD falling 0.02% to trade at 1.1031.