Although Canada's export volume declined slightly in October and the trade balance returned to the deficit, the increase in imports of investment products indicates good prospects for domestic demand. Alexandra Brown of KITU Macro said. The economist added that there are initial signs that Canadian exporters are reducing their dependence on the US. Brown pointed out that the trade surplus with the US, which has received much political attention, narrowed from 8.4 billion Canadian dollars in September to 4.8 billion Canadian dollars, while exports to countries other than the US increased 15.6%, reaching a record high, mainly due to a surge in gold shipments to the UK.

Although Canada's export volume declined slightly in October and the trade balance returned to the deficit, the increase in imports of investment products indicates good prospects for domestic demand. Alexandra Brown of KITU Macro said. The economist added that there are initial signs that Canadian exporters are reducing their dependence on the US. Brown pointed out that the trade surplus with the US, which has received much political attention, narrowed from 8.4 billion Canadian dollars in September to 4.8 billion Canadian dollars, while exports to countries other than the US increased 15.6%, reaching a record high, mainly due to a surge in gold shipments to the UK.