Canada January trade balance +3.97B vs +1.28B expected

Expect some big Jan-Feb trade surpluses as exporters front-run tariffs.

• Prior was +0.71B
• Exports B vs 69.46B prior
• Imports B vs 68.76B prior

The December surplus was the first one in 10 months. Ongoing strong trade numbers will flatter GDP but that will reverse later in the year. In any case, this looks like it will make for a very strong Q1 GDP print.

This article was written by Adam Button at www.forexlive.com.