Canada's trade surplus with the world rises to $1.9B in June

Statistics Canada says merchandise exports rose 1.1 per cent in June, while imports fell 1.8 per cent.

The agency says that widened Canada's trade surplus with the world to $1.9 billion from $576 million in May.

Statistics Canada says exports rose to a record high of $45.2 billion, with metal and non-metallic mineral products, consumer goods and energy products leading the way.

Imports fell to $43.3 billion with losses in eight of 11 sections.

Exports to the United States remained unchanged at $34.1 billion in June, while imports were up 1.5 per cent to $29.1 billion — a record high.

Exports to countries other than the United States grew 4.8 per cent to $11.1 billion, led by the European Union, while imports fell 7.8 per cent to $14.3 billion.

This has been posted on 6 August 2014 on CBC News at http://www.cbc.ca/news/business/canada-s-trade-surplus-with-the-world-rises-to-1-9b-in-june-1.2728840.