2016 a better year for trade, Stats Canada says

Canada ended 2016 with a better than expected performance on the trade front.

Statistics Canada says the country posted a merchandise trade surplus of 923-million dollars in December, nearly triple the level that economists had been predicting.

The government agency also revised November's surplus, boosting it to one-billion dollars from an initial reading of 526-million.

It says exports in December gained 0.8 per cent to a record 46.4-billion dollars due to higher energy product prices, while imports increased 1.0 per cent to 45.5-billion.

Meanwhile, Bathurst-West-Beresford MLA Brian Kenny says New Brunswick is experiencing positive economic trends, noting a recent growth in the average income, job jumbers, and a GDP increase of 3.3 per cent.

Kenny says New Brunswick is one of the leading provinces when it comes to GDP growth.

(with files from the Canadian Press)