Canada's exports and imports of services both increased in 2023, led by the growth in international travel. Exports of services totalled $208.5 billion in 2023, a 13.3% gain from 2022, while imports of services into Canada reached $205.9 billion (+8.9%).
Consequently, Canada's balance on international transactions in services posted a surplus of $2.6 billion in 2023 as exports of services exceeded imports for the first time.
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