FX.co ★ Canada Trade Balance Swings to Surplus

In September 2025, Canada saw its trade status shift to a surplus of C$0.3 billion, a significant improvement from the C$6.3 billion deficit reported in the previous month, and exceeding expectations of a projected C$4.5 billion deficit. This marks the second surplus for the year 2025. There was a 6.3% increase in goods exports, totaling C$64.2 billion, which overcame the downturn experienced in August and marked the end of a period of instability linked to tariff uncertainties with the United States. Conversely, imports of goods dropped by 4.1% to C$64.1 billion, transforming the goods balance from a C$6.4 billion deficit in August to a C$0.2 billion surplus in September. Exports of services rose slightly by 0.7%, reaching C$20.0 billion, while imports of services increased by 0.8%, amounting to C$19.8 billion, maintaining the services surplus consistently at C$0.2 billion.