Weaker Loonie Boosts Canada's Trade Surplus

Canada's trade surplus widened in June due to a combination of factors. The value of exports rose, while imports fell, resulting in a wider deficit. A weaker Canadian dollar, also known as the loonie, contributed significantly to this trend.

Statistics Canada reported that the country's trade surplus increased in June, with exports valued at $53.4 billion and imports totaling $46.8 billion.

The weakening of the loonie helped drive up the value of Canadian exports, making them more competitive on the global market.