Mmastodon EnvironmentEnergy first seen 2 d ago, last 2 d ago, peak #6
Canada posts seventh straight trade surplus as tariffs weigh
Original: BMO: A solid headline for #Canadian #trade in Sept, with the seventh surplus in a row, masks some softness under the sur
Canada recorded a trade surplus in September, its seventh consecutive monthly surplus. Bank of Montreal economists say the headline number masks underlying softness, with energy and precious metals supporting exports while the latest round of US tariffs weighed heavily on other trade flows in September.
Why now: Economists are flagging that Canada's otherwise strong trade streak is being propped up by energy exports while tariffs hit other sectors.
Bank of MontrealCanadaCanadian tradeUS tariffsenergy sector
Evidence
- BMO: A solid headline for #Canadian #trade in Sept, with the seventh surplus in a row, masks some softness under the surface. While #energy and #preciousmetals are supporting #exports , it’s clear that the latest round of #tariffs weighed heavily in September. #cdnecon · dbcurren.bsky.social@bsky.brid.gy
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