Record exports of C$77.5 billion, led by gold and other metal products, outpaced record imports as a weaker Canadian dollar lifted trade values in loonie terms.
Canada posted a trade surplus of C$3.86 billion in June 2026, up from C$3.7 billion in May and the country’s largest surplus in more than four years. Exports rose 0.4% from the previous month to a record C$77.5 billion, helped by a 16.5% jump in metal and non-metallic products to C$15.02 billion and a 27.9% surge in gold sales, mostly to the UK. Sales of metal ores and non-metallic minerals also climbed 17.3% to C$3.14 billion, supported by copper ores. Those gains offset a 10% drop in energy products to C$18.37 billion after a temporary easing in the Middle East war lowered energy prices. Imports increased 0.2% to a record C$73.6 billion, even as purchases of industrial machinery, equipment, and parts fell 3.3% to C$7.6 billion and imports of metal ores and non-metallic minerals slipped 3.4% to C$2.81 billion. The Canadian dollar’s depreciation boosted trade turnover when measured in loonie terms, contributing to higher reported values for both exports and imports.