Canada recorded a trade surplus of C$3.86 billion in June of 2026, widening from the C$3.7 billion in May to mark the largest surplus in over four years. Exports rose by 0.4% from the previous month to a record high of C$77.5 billion. Sales rose sharply for metal and non-metallic products (16.5% to C$15.02 billion) amid a 27.9% surge in sales of gold, mostly to the UK. Sales of metal ores and non-metallic minerals rose by 17.3% to C$3.14 billion with support from copper ores. These offset the 10% plunge in energy products (to C$18.37 billion) as the momentary respite in the Middle East war had lowered energy prices. Meanwhile, imports rose by 0.2% to a record of C$73.6 billion with drops in industrial machinery, equipment, and parts (-3.3% to C$7.6 billion) and metal ores and non-metallic minerals (-3.4% to C$2.81 billion). The depreciation of the Canadian dollar in the period lifted trade turnover expressed in the loonie, contributing to the rise in both imports and exports. source: Statistics Canada

Canada recorded a trade surplus of 3860 CAD Million in June of 2026. Balance of Trade in Canada averaged 1043.48 CAD Million from 1971 until 2026, reaching an all time high of 8554.40 CAD Million in January of 2001 and a record low of -7530.20 CAD Million in April of 2025. This page provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Canada recorded a trade surplus of 3860 CAD Million in June of 2026. Balance of Trade in Canada is expected to be 4600.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Balance of Trade is projected to trend around 4300.00 CAD Million in 2027 and 4100.00 CAD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-07 12:30 PM
Balance of Trade
May C$4.24B C$3.41B C$2.9B C$2.0B
2026-08-04 12:30 PM
Balance of Trade
Jun C$3.86B C$3.7B C$3.0B C$4.8B
2026-09-03 12:30 PM
Balance of Trade
Jul C$3.86B C$2.2B


Related Last Previous Unit Reference
Balance of Trade 3860.00 3700.00 CAD Million Jun 2026
Capital Flows -6052.00 3590.00 CAD Million Mar 2026
Current Account -7184.00 -1009.00 CAD Million Mar 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 77486.00 77190.00 CAD Million Jun 2026
External Debt 4839196.00 4778430.00 CAD Million Mar 2026
Foreign Direct Investment 22000.00 26033.00 CAD Million Mar 2026
Imports 73630.00 73490.00 CAD Million Jun 2026
Oil Exports 13259.40 14916.60 CAD Million Jun 2026
Terms of Trade 101.30 106.70 points Jun 2026
Tourist Arrivals 2891190.00 1886926.00 May 2026


Canada Balance of Trade
Between 1980 and 2008, Canada recorded a positive trade balance every year, with an expectation of 1991 and 1992. From 2009 onwards, the trade balance shifted to a deficit. In 2021, it switched again to a trade surplus, with energy products making the largest share of exports. The United States remains the country's biggest trading partner.
Actual Previous Highest Lowest Dates Unit Frequency
3860.00 3700.00 8554.40 -7530.20 1971 - 2026 CAD Million Monthly
Current Prices, SA

News Stream
Canadian Trade Surplus Rises to 4-Year High
Canada recorded a trade surplus of C$3.86 billion in June of 2026, widening from the C$3.7 billion in May to mark the largest surplus in over four years. Exports rose by 0.4% from the previous month to a record high of C$77.5 billion. Sales rose sharply for metal and non-metallic products (16.5% to C$15.02 billion) amid a 27.9% surge in sales of gold, mostly to the UK. Sales of metal ores and non-metallic minerals rose by 17.3% to C$3.14 billion with support from copper ores. These offset the 10% plunge in energy products (to C$18.37 billion) as the momentary respite in the Middle East war had lowered energy prices. Meanwhile, imports rose by 0.2% to a record of C$73.6 billion with drops in industrial machinery, equipment, and parts (-3.3% to C$7.6 billion) and metal ores and non-metallic minerals (-3.4% to C$2.81 billion). The depreciation of the Canadian dollar in the period lifted trade turnover expressed in the loonie, contributing to the rise in both imports and exports.
2026-08-04
U.S. to Hit Canada with Broad 50% Tariffs
Canada faces the threat of steep new U.S. trade measures after the Trump administration on Monday announced plans to impose a 50% tariff on Canadian imports starting in 30 days, accusing Ottawa of discriminating against U.S. exports, including alcohol, automobiles, and dairy products. The White House said the tariffs would cover a broad range of goods, from hockey sticks to cement, and would also apply to products covered under the U.S.-Mexico-Canada Agreement (USMCA) that had been exempt from previous tariff actions. Only a limited number of products would be spared, including energy, critical minerals, potash, fish, and goods already subject to sector-specific Section 232 tariffs. The move marks a significant escalation in trade tensions between the two neighboring economies and could disrupt cross-border supply chains if implemented.
2026-07-21
Canada Trade Surplus Unexpectedly Increases
Canada posted a trade surplus of C$4.24 billion in May of 2026, picking up from an upwardly revised C$3.41 billion surplus in the previous month and above market expectations of a C$2.9 billion to mark a third consecutive positive balance of trade. Exports rose by 0.9% to a record high of $77.1 billion, a fourth consecutive increase. Foreign sales surged 37% for non-metallic minerals as the war in the Middle East triggered a global supply crunch of sulphur and lifted prices for Canadian sales. Exports were also higher for aluminum and alloys (50.7%) and broader consumer goods (3.9%), offsetting a 2% decline in energy products as oil and gas prices eased. In the meantime, imports fell by 0.2% from the record high last month to $72.9 billion. The drop was solely due to a 33% slide in gold, silver, and platinum group metals. These were enough to offset higher foreign purchases elsewhere.
2026-07-07