OTTAWA — Canada’s merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high, Statistics Canada said Thursday.
The agency said the result compared with a revised surplus of $608 million in January.
Total exports in February rose 5.8 per cent to $66.6 billion, boosted by an increase in exports of unwrought gold.
Exports of metal and non-metallic mineral products surged 31.1 per cent in the month to a record $9.4 billion powered by increased high-value shipments of refined gold as well as transfers of gold assets in the banking sector.
Statistics Canada said that excluding the product group for unwrought gold, exports
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