Canada's trade surplus with the United States widened to C$11.2 bln in August from C$6.1 bln in July, Statistics Canada said, as exports to the U.S. rose 8.1% and imports from the U.S. fell 2.5%. The change was the largest single‑month positive swing

2026-10-06

Canada's trade surplus with the United States widened to C$11.2 bln in August from C$6.1 bln in July, Statistics Canada said, as exports to the U.S. rose 8.1% and imports from the U.S. fell 2.5%. The change was the largest single‑month positive swing on record; Statistics Canada said importers may have front‑loaded purchases ahead of a planned U.S. tariff round at month‑end. Overall exports climbed 2.5% and imports dropped 2.0%, lifting Canada's goods surplus with the world to C$4.2 bln from C$787 mln and marking a sixth consecutive monthly surplus. Energy exports rose 4.7% — the first increase since April — with refined petroleum exports up 17.4% driven by higher diesel shipments to Peru, the UK, the U.S. and the Netherlands. Consumer goods exports rose 6.6% and other goods and supplies surged 43.3%. Imports fell for the first time since January.