Canada Posts Trade Surplus of $594M as Global Chip Shortages Disrupt Auto Industry

Canada Posts Trade Surplus of $594M as Global Chip Shortages Disrupt Auto Industry

Canada’s trade balance reverted back to a surplus, as imports fell amid ongoing global supply disruptions, particularly in the auto industry. According to data published by Statistics Canada on Tuesday, the country’s trade balance rose from a deficit of $1.3 billion to a surplus of $594 million in April. The latest surplus marks the third … Read more