06:56 AM EST, 12/02/2024 (MT Newswires) -- RBC said it expects that the Canadian trade deficit narrowed to C$300 million in October from C$1.3 billion in September, mainly driven by higher exports.

Oil prices rose in October, pushing up the energy trade balance, noted the bank.

Canada is slated to release its October international merchandise trade figures on Thursday, at 8:30 a.m. ET.