The surplus, Canada's sixth in as many months, rose from CAN$787 million (491 million euros) in July to CAN$4.2 billion in August.
The jump was mainly due to a sharp rise in exports to the United States, which increased by 8.1 percent in August.
Category: Business
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Canada Trade Surplus Jumps In August
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Oil Marketers Cut Petrol Prices As Crude Falls
The Dangote Petroleum Refinery and other petroleum marketers have reduced the prices of Premium Motor Spirit (petrol) across major depots in Lagos, Port Harcourt, Calabar and Warri, following a decline in international crude oil prices. The reductions were recorded in the latest depot price report published by Petroleumprice.ng, with the biggest adjustments seen in Lagos,...
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Manchester United Losses Jump Despite Record Revenues
The Red Devils reported £677.6 million in revenue in the year to June 30 up 1.7 percent.
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Howard To Succeed Warren Buffett As Berkshire Chairman
Berkshire Hathaway on Friday said that Warren Buffett will step down as chairman and become chairman emeritus, immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel. The company named his son, Howard Buffett, a director since 1993, as chairman. “As Chairman Emeritus, Mr. Buffett will remain a member of the Board...
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IMF Reaches Agreement With Senegal On New $2.2 Bn Loan Programme
The International Monetary Fund announced an agreement with Senegal on Tuesday for a new $2.2-billion loan programme, after a prior deal was suspended following the discovery of previously unreported debt. The announcement comes nearly two years after Senegal’s current government, which rose to power on an opposition electoral victory, accused the former administration of ex-president...
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Fast-Fashion Giant Shein Plunges 10% On Hong Kong Debut
The long-awaited IPO put the company's valuation at around US$26.3 billion with its listing price of HK$48.56 well short of the nearly US$100 billion during private fundraising rounds in 2022.
Shein, known for its ultra-low prices and rapidly produced clothes, said proceeds from the sale would be used to finance its technological capabilities and boost its international presence.
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Record US$947m July Remittances Bring Cardoso’s US$1bn Monthly Target Within Sight
The Governor of Central Bank of Nigeria Olayemi Cardoso has disclised that Nigeria has recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, which he siad is the highest monthly inflow ever recorded through formal channels and approaching the US$1 billion monthly target set by Central Bank of Nigeria...
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MTN Channels 62% Of $2.7 Trillion Spent In 2025 To Nigerian Suppliers – CFO
“The real measure is not the invoice. The real measure is actually the capability that remains in the economy after the investment is made,” he said.
Kadiri stressed some categories remain difficult to source locally at scale because of the highly technology-dependent nature of the telecommunications industry.
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Colombia Estimates Quake Damage At $9.6 Billion
The powerful earthquake that killed hundreds of people in western Colombia caused $9.57 billion in economic losses, President Abelardo de la Espriella said on Tuesday, issuing a preliminary estimate. The 7.4-magnitude tremor, which struck on August 10, was the most powerful in Colombia in nearly half a century. The death toll stands at 289, with...
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Canada Inflation Hits 3% As New US Tariffs Loom
The Middle East conflict drove up Canada’s annual inflation rate to three percent in July, data showed Monday, days before punishing new tariffs threatened by US President Donald Trump could further roil Canada’s economy. Statistics Canada said gasoline prices last month were 25.7 percent higher than in July 2025. “The conflict in the Middle East,...