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To: Johnny Canuck who wrote (43035)	2/11/2006 10:03:10 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67789

Canada's trade surplus balloons on natural gas exports Last Updated Fri, 10 Feb 2006 11:38:58 EST CBC News Canada's trade surplus surged to its second-highest level on record in December, led by soaring natural gas exports to the United States. Statistics Canada said the country's trade surplus with the rest of the world grew 11.6 per cent to $7.69 billion. The increase surprised economists, who had been expecting the surplus to remain at about the same level as November's mark. Exports rose 3.9 per cent to a record $41.3 billion; imports climbed 2.3 per cent to $33.6 billion as the higher Canadian dollar made foreign goods cheaper. The export binge was mostly due to an 11.2 per cent increase in energy exports. Auto exports fell. "Excluding energy, exports would have grown at only half the pace they did," Statistics Canada said. "Energy products were a driving force behind export gains in eight of the 12 months of 2005." * RELATED STORY: Canad's trade surplus balloons on natural gas exports For all of 2005, StatsCan said the country's trade surplus with the United States grew to a whopping $110.9 billion. The bilateral trade deficit with China deepened to $22.4 billion. Analysts expect the next set of monthly trade figures will reflect a smaller trade surplus – noting that natural gas prices have fallen well back from December's highs.