Canada Posts Surprise August Trade Surplus, Rebounding After Port Closures

Canada Posts Surprise August Trade Surplus, Rebounding After Port Closures
A float plane flies past containers and cranes at the Port of Vancouver, British Columbia, on July 30, 2023. Reuters/Chris Helgren
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OTTAWA—Canada posted a surprise $718 million trade surplus in August as trade rebounded a month after labour strikes shut down ports on the West Coast, data showed on Thursday.

Transfers of gold to the United States and higher crude prices helped exports outpace a rise in imports, Statistics Canada said.