By Commodity News Service Canada
WINNIPEG, March 7, 2017 (CNS Canada) – The following is a glance at the news moving markets globally.
– Canada’s merchandise trade balance with the world posted a third consecutive monthly surplus, widening from C$447 million in December to C$807 million in January. Exports were up 0.5 per cent on the strength of higher exports of motor vehicles and canola. Imports edged down 0.3 per cent in January, mainly due to lower imports of unwrought gold, Statistics Canada said in a report on Tuesday.
– The US trade deficit advanced to a five-year-high in January, according to reports out of the country on Tuesday.
America’s trade gap increased by 9.6 per cent to US$48.5 billion, marking the highest level since March 2012, analysts say.