Canada Trade Surplus Widens to Largest Since Before Tariffs (1)

Canada’s trade surplus widened in April as crude oil drove exports to a record high, while gold shipments declined sharply.

The country’s trade surplus reached C$2.72 billion ($2 billion), up from C$1.75 billion in March, Statistics Canada reported on Tuesday. That’s the second consecutive trade surplus and the largest the country has reported since January 2025.

Canada’s trade surplus with the US also reached its highest level since February 2025, before President Donald Trump first imposed tariffs.

Total exports in April increased by 1.6% to C$75.2 billion, driven by broad gains. Higher energy exports contributed the most to the growth, ...