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Canadian international trade rebounds in February

OTTAWA, Ont. — Canada’s merchandise exports to the world rebounded in February with an across-the-board increase in all major commodity groupings, led by a jump in agricultural and fishing products.

Canadian companies exported just over $36.5 billion in goods, a 1.4% increase from January, Statistics Canada reports. This gain, which resulted from a combination of higher export volumes (+0.5%) and higher prices (+0.9%), followed a revised 1.2% decline in January.

At the same time imports came in at a strong $31.7 billion in February, down just 0.2% or $60 million less than January’s record high.

Exports of agricultural and fishing products led the increase in exports, but all sectors contributed to the growth.

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