Canadian Trade Surplus Rises to 4-Year High

2026-08-04 12:47 By Andre Joaquim 1 min. read

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.



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.
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