Canada August trade balance $4.20 billion vs $1.55 billion expected

Prior was +0.77 billion (revised to 0.79 billion) Exports: +2.5% MoM. Prior -2.6% Imports: -2.0% MoM. Prior +8.3% Canada's merchandise trade surplus widened sharply to C$4.2 billion in August, from C$787 million in July, as exports increased while imports declined. The result…