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Statistics Canada released the trade data on Tuesday. Canada's trade balance returned unexpectedly to surplus in September, driven by motor vehicle and parts shipments. The trade surplus was C$0.7 billion in September, up from a deficit of C$0.5 billion in August. August's figure was revised up from a deficit of C$0.6 billion. Analysts had expected the trade deficit to widen to C$0.7 billion.
Exports increased 1.1% in September. Motor vehicle and parts shipments rose 6.0%, while consumer goods exports climbed 6.6%.
Imports declined 1.5% in September. Energy dropped 19.4%.
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