Canada September trade balance -1.26 billion vs -0.80 billion

• Prior was -1.1 billion
• Exports $63.88 billion vs $64.31 billion prior
• Imports $65.15 billion vs $65.41 billion prior

Trade deficit narrows to -$1.3B from -$1.5B prior
• Trade surplus with US widens to $8.3B from $7.8B
• Exports to US rose 1.6%, imports up 0.8%
• Energy exports -2.6% on lower crude oil prices
• Aircraft exports jumped 10.3% on higher US private jet shipments
• Metal/mineral exports -5.4% on lower gold transfers
• Real exports +1.4%, showing volume gains despite nominal decline

The details show a mixed picture with lower commodity prices weighing on nominal values while real volumes improved. The widening surplus with the US is a bright spot, though a vulnerability in the election.

USD/CAD is down 25 pips to 1.3876 today.

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