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Updated · Toronto Star · Jun 9Canada's Trade Surplus Widens to C$2.7 Billion in April as Oil Exports Hit Record
3 articles · Updated · Toronto Star · Jun 9Summary
- C$2.7 billion marked Canada’s merchandise trade surplus in April, up from C$1.8 billion in March and the largest since January 2025.
- Record-high exports drove the gain after higher oil prices lifted the value of Canadian shipments abroad.
- Statistics Canada said the stronger trade balance reflected energy-led export momentum rather than a broad change detailed across other sectors.
- The April result points to oil prices remaining a key swing factor for Canada’s trade performance and monthly external balance.
Insights
Canada's record trade surplus is fueled by global conflict. How vulnerable is its economy to a sudden peace? With oil revenues soaring, can Canada overcome its pipeline bottlenecks to fully capitalize on this historic opportunity?