Canada’s trade deficit unexpectedly narrowed as exports rose faster than imports, reinforcing the Bank of Canada’s view that the domestic economy remains resilient amid global tensions.

The nation posted a $1.1 billion trade gap in October, from a revised $1.2 billion in September, Statistics Canada said Thursday in Ottawa.

Both imports and exports rose, in both volume and nominal terms.

Canada’s trade surplus with the U.S. widened to $5.5 billion, marking its strongest balance with its biggest trading partner since the 2008 financial crisis. Exports to China, meanwhile, plunged 19.3 percent, the sharpest drop since 2012.

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