Canada Sep Trade Surplus Expands to CAD5.35B, Highest in Over Four Years and Beating Forecasts

Statistics Canada announced that supported by gold and increased exports of energy products to the US, Canada's merchandise exports in Sep rose 0.2% MoM to CAD78.551 billion, while imports fell 0.3% MoM to CAD73.201 billion. The trade surplus amounted to CAD5.35 billion, the highest since May 2022 and a more than four-year high, beating market expectations for a surplus of CAD5 billion. The previous value for Aug was revised upward to a surplus of CAD4.95 billion.

Canada's exports to the US increased 0.7% in Sep, while its trade surplus with the US, its largest trading partner, widened to CAD12.3 billion from a surplus of CAD12.1 billion in Aug.

Excluding gold and energy products, Canada's overall global exports in Sep fell 5.6%, mainly affected by new US tariff measures.(da/ad)