Canadian Exports Hit Lowest Level Since March

2026-09-03 13:10 By Isabela Couto 1 min. read

Canadian goods exports fell 2.3% month-over-month to C$76.1 billion in July 2026, marking the lowest level since March and the first decline in six months.

Decreases were recorded in 7 of the 11 product sections.

Exports of metal and non-metallic mineral products fell 8.5% following a 15.8% increase in June, driven by a 13.1% drop in unwrought gold, silver and platinum group metals and their alloys.

The decline reflected lower purchases of Canadian-held gold by foreign residents and fewer shipments to the US, while lower prices also weighed on export values.

Energy product exports fell 4.4%, marking a third consecutive monthly decline, led by a 5.6% drop in crude oil exports as both prices and volumes decreased.

Natural gas exports fell 14.0% after two consecutive monthly increases.

Exports to the US declined 6.6%, the sharpest drop since April 2025, due mainly to lower crude oil and gold shipments.

Meanwhile, exports to countries other than the US rose 7.4% to a record C$25.6 billion.



News Stream
Canadian Exports Hit Lowest Level Since March
Canadian goods exports fell 2.3% month-over-month to C$76.1 billion in July 2026, marking the lowest level since March and the first decline in six months. Decreases were recorded in 7 of the 11 product sections. Exports of metal and non-metallic mineral products fell 8.5% following a 15.8% increase in June, driven by a 13.1% drop in unwrought gold, silver and platinum group metals and their alloys. The decline reflected lower purchases of Canadian-held gold by foreign residents and fewer shipments to the US, while lower prices also weighed on export values. Energy product exports fell 4.4%, marking a third consecutive monthly decline, led by a 5.6% drop in crude oil exports as both prices and volumes decreased. Natural gas exports fell 14.0% after two consecutive monthly increases. Exports to the US declined 6.6%, the sharpest drop since April 2025, due mainly to lower crude oil and gold shipments. Meanwhile, exports to countries other than the US rose 7.4% to a record C$25.6 billion.
2026-09-03
Canada Exports Rise to Fresh Record High
Canadian goods exports rose 0.4% month-over-month to a record CAD 77.5 billion in June 2026, marking a fifth consecutive monthly increase. Exports of metal and non-metallic mineral products jumped 16.5%, driven by a 27.9% surge in shipments of unwrought gold, silver, platinum group metals and their alloys, reflecting higher gold exports to the UK and stronger foreign demand. Exports of metal ores and non-metallic minerals also increased 7.3%, led by copper ores and concentrates (20%) and sulphur shipments. Meanwhile, exports of motor vehicles and parts rose 2.4% as higher domestic production lifted passenger car and light truck exports to their highest level since March 2025. These gains were largely offset by a 10% decline in energy product exports. Following a 4.6% increase in the first quarter, total exports advanced 13.1% in Q2, the strongest quarterly growth since the third quarter of 2020.
2026-08-04
Canadian Exports Rise to Record High
Canadian goods exports rose 0.9% month-over-month to a record C$77.1 billion in May 2026, marking a fourth consecutive monthly increase. Exports of metal ores and non-metallic minerals surged 16.1%. This was led by a 37.0% jump in diamonds and other non-metallic minerals amid an increase in the turnover for sulphur, as the blockade of the Strait of Hormuz triggered a surge in its prices. Exports of other metal ores and concentrates more than doubled on new gold ore shipments to China. Exports of metal and non-metallic mineral products rose 1.5%, supported by a 50.7% increase in unwrought aluminum and aluminum alloys. Consumer goods (3.9%), chemicals, plastics and rubber (5.6%), and farm and food products (2.4%) also posted solid gains. The increase was partly offset by a 2.0% decline in energy exports, driven by a 5.4% drop in crude oil shipments.
2026-07-07