Statistics Canada reported Wednesday that exports jumped by 4.6 per cent to $53.1 billion in June, owing largely to a surge in shipments to the US, especially cars and vehicle parts, which rose by 12.4 per cent to $8.4 billion.
"Canada's merchandise trade balance with the world was in a surplus position in May for the second time since December 2016", Statistics Canada reported on Wednesday.
On a monthly basis, exports of goods and services gained 4.0 percent on month to A$41.58 billion.
Analysts in a Reuters poll had forecast a trade shortfall of C$1.50 billion. Imports from the USA declined half a per cent to $33.3 billion.
Statscan revised April's deficit to C$1.08 billion from an initial C$966 million.
"We think it's an excellent sign of the recovery in Canadian trade and we think this dramatic about face is probably likely to persist given what we've seen in the underlying data", said Ross Prusakowski, principal economist at Export Development Canada.
HP, Dell, Amazon and Microsoft Consider Moving Production Out of China
HP, Dell, Amazon, Microsoft, and Google did not immediately respond to a Reuters' request for comment. Other sources suggested Lenovo, Acer and Asus are "evaluating plans to shift".
Jillian Bell Joins ‘Bill & Ted Face the Music’
William (Bill) Preston, Esquire, and Reeves (Theodore Logan) were spotted in New Orleans filming the third instalment of the "Bill & Ted" trilogy titled " Bill and Ted Face the Music ".
CDC warns of cryptosporidium outbreaks in pools
Patrons are required to shower before entering the pool, and posted signs prohibit swimming within two weeks of having diarrhea. The CDC explains that Cryptosporidium , called "Crypto" for short, "is spread through the poop of infected humans or animals".
Statistics Canada said total exports rose 4.6 per cent to a record $53.1 billion in May. The energy sector shipped out five per cent more, and exports of metals and other mined products grew by 23 per cent. Higher imports of aircraft, as well as motor vehicle engines and motor vehicle parts, contributed the most to the overall increase.
Imports rose 1 per cent thanks to purchases of aircraft in the United States and Europe, the agency said.
Riyadh last August had announced a ban on new trade with Canada after Ottawa urged the release of jailed Saudi rights activists.
Exports of energy products rose 5.0% in May to C$10.8 billion, including a 2.8% jump in crude oil shipments, mainly on higher prices.
The United States is by far Canada's biggest trading partner. Overall Canadian exports to the USA rose to a monthly record of $39.3 billion.
Economists had been anticipating the trade gap would actually widen in May to $1.7 billion.