Canada August trade surplus widens to C$4.2bn on export surge
Canada's trade surplus widened substantially in August to C$4.2 billion, exceeding analyst expectations. This surge was driven by a significant increase in exports, particularly to the United States, as businesses sought to ship goods before new U.S. tariffs were implemented.
94 billion), data showed on Tuesday, as exporters rushed to increase shipments to the United States before President Donald Trump's new tariffs took effect. 55 billion, from an upwardly revised C$787 million. 5%. 2 billion, lifting its share of exports to its biggest trading partner to almost 70%, first time since September 2025.
Trump's new tariffs covers roughly $20 billion of Canadian exports to the US and came into effect on August 22. Economists have said that September would show a more accurate impact of the new tariffs which cover a variety of products including wine, furniture, dairy products, cement, clothing, fishing rods, hockey equipment. September will also show the impact of Canadian counter tariffs on US imports and Trump's ban on some goods imports from Canada. 6% in the prior month.
03 billion. A stronger Canadian dollar also impacted the value of exports. 8%. 5%, StatsCan said.
0% in August, the statistics agency said. 71 billion, with imports of motor vehicles and parts posting the largest decline in August. As Canada negotiated waves of tariffs across some crucial sectors such as steel, aluminum, autos and lumber for almost 18 months, its export dependence on the US shrunk while exports to the rest of the world rose as it sought to diversify its trade partners. 5% in August, and imports decreased.
3 billion in July, StatsCan said. com;)