Canada Posts Biggest Trade Surplus for 13 Years, Exports Offset Flood Impact

Tugs are seen in the Port of Montreal in Montreal, Quebec, Canada, on May 17, 2021. Christinne Muschi/Reuters

OTTAWA—Canada posted a trade surplus of C$3.13 billion in November, the largest in over 13 years, with record exports offsetting the impact of floods in British Columbia, Statistics Canada said on Thursday.

Analysts polled by Reuters had forecast a November surplus of C$2.03 billion. Exports and imports hit all-time highs for the second month in a row, pushing the surplus to a level not seen since the C$3.45 billion posted in September 2008.