Imports decline after previous month’s surge

  • Canada swings back to goods-trade surplus in January
  • Imports of consumer goods fell after a surge in the previous month
  • Goods-trade surplus of 496 million Canadian dollars
  • Exports fell 1.7% to C$62.29 billion
  • Imports dropped 3.8% to C$61.79 billion

Canada swung back to a merchandise-trade surplus in January as imports of consumer goods fell back after a surge the month before. The country posted a goods-trade surplus of 496 million Canadian dollars, equivalent to about $367 million. Exports fell 1.7% to C$62.29 billion in the latest month, while imports dropped 3.8% to C$61.79 billion, according to Statistics Canada.

Factuality Level: 8
Factuality Justification: The article provides a straightforward report on Canada’s merchandise-trade surplus in January, citing data from Statistics Canada and economists at TD Securities. The information is presented objectively without any apparent bias or sensationalism. The article does not contain irrelevant information, misleading details, or opinion masquerading as fact. Overall, the article is factually sound and provides a clear overview of the trade surplus situation in Canada for the month.
Noise Level: 3
Noise Justification: The article provides a clear and concise overview of Canada’s merchandise-trade surplus in January, including key figures and expert expectations. It stays on topic without diving into unrelated territories. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information on Canada’s merchandise-trade surplus in January, which can impact the Canadian economy and potentially affect the Canadian dollar exchange rate.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses trade data and its impact on the Canadian economy, but there is no mention of any extreme events or their impact.
Key People: Robb M. Stewart (Author)

Reported publicly: www.marketwatch.com