FXstreet.com (Barcelona) - Canadian merchandise trade surplus increased substantially in November due to a increase on exports, the first of the last three months, and a slight decrease on imports, according to data released by Statistics Canada.

Trade surplus has risen to $3.70 billion , from $3.130 billion in October, revised down from the initially reported $3.320 billion surplus.

One of the main reasons for the increase has been the 3.1% rise on Canadian exports, which totalled $37.9 billion, while imports increased a lower 1.7% to reach a total value of 34.2 billion. Exports have risen in November for the third time in the whole year, and they had declined during the three previous months.