Business · Trade · 4 hrs ago
Canada's September trade surplus rises to $5.35 billion
Canada's merchandise trade surplus widened in September to $5.35 billion, Statistics Canada said.
That was the country's largest surplus since May 2022, with exports edging up and imports slipping.
Higher gold and energy exports lifted the total, largely through shipments to the United States.
But exports excluding gold and energy fell 5.6 per cent, while export volumes overall dropped 4 per cent.
New U.S. tariffs have hurt some Canadian exports, including consumer goods and machinery.
The figures show how a strong headline can mask weakness in other parts of Canada's trade.
Canada and the United States have intensified talks on a renewed trade deal, though no outcome is stated.
Canada’s merchandise trade surplus rose to $5.35 billion in September, its highest level since May 2022.
The surplus increased from $5 billion in August, as exports edged up and imports declined.
Higher exports of energy products and gold helped lift shipments, particularly to the United States.
Excluding gold and energy, exports fell 5.6 per cent, with new U.S. tariffs cited as a factor.
- Who
- Canada, according to Statistics Canada.
- What
- The merchandise trade surplus rose to $5.35 billion.
- When
- September 2026.
- Where
- Canada, including trade with the United States and other countries.
- Why
- Higher energy and gold exports helped raise exports, while total imports declined.
This story does not have two clearly opposing sides.
Canada recorded a trade surplus of $5 billion.
The trade surplus rose to $5.35 billion as exports edged up and imports fell.
Statistics Canada reported the September trade figures.
- September surplus
- $5.35 billion
- August surplus
- $5 billion
- Total exports
- $78.6 billion, up 0.2 per cent
- Total imports
- $73.2 billion, down 0.3 per cent
- Energy product exports
- Up 8.2 per cent
- Gold exports
- Unwrought gold exports rose 16.8 per cent