Canada posted a trade surplus of $3.97 billion, more than double the upwardly revised $1.69 billion seen in December, and posted a record surplus with the U.S.
Trump complains about the US trade imbalance with Canada, despite data showing the US deficit with Canada is smaller than with Mexico and China. Canada's trade surplus with the U.S. rose significantly in January, exceeding expectations, amid fears of U.S. tariffs. Trump has imposed tariffs on Canadian imports and threatened more, but agreed to a one-month exemption for automakers meeting trade agreement terms.
