Canada’s exports reached a new high in January after increasing 2% on a year earlier. That was the fourth straight month of growth, and came despite lower U.S. shipments. With a 2% drop in imports the resulting surplus was 15% higher than economists expected. The export expansion, however, is due mostly to a 32% jump in energy products – without these exports actually fell 3%. The pharmaceutical sector and auto industry were the main areas of contraction. The latter may be at less risk than its Mexican counterpart as a result, particularly as President Trump and Prime Minister Trudeau ha...