Canada posted a trade surplus of C$2.7 billion in April 2026, up from C$1.8 billion in March and slightly above market expectations of C$2.6 billion. This was the second consecutive monthly surplus and the largest since January 2025.
Exports increased 1.6% month-on-month to a new record of C$75.2 billion, with gains in 9 of 11 product categories. The rise was led by energy products (+9.7%), with notable increases also in farm, fishing and intermediate food products (+8.9%) and motor vehicles and parts (+5.9%). These gains were partially offset by a 17.5% decline in exports of metal and non-metallic mineral products.
Imports edged up 0.3% to an all-time high of C$72.4 billion, driven mainly by basic and industrial chemical, plastic and rubber products (+16.9%), as well as electronic and electrical equipment and parts (+4.2%).
Canada’s trade surplus with the United States widened to C$9.5 billion in April, the largest since February 2025, from C$7.8 billion in March.
