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Canada's Exports Rise for Fourth Consecutive Month, Reports StatCan

Published July 8, 2026 at 1:13 PM UTC

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Canada's merchandise exports increased by 0.9% in May 2026, reaching a record high of C$77.1 billion. This marks the fourth consecutive monthly rise, with exports up 22.2% over this period. The trade surplus widened to C$4.2 billion, the largest in four years. Exports of metal ores and non-metallic minerals surged by 16.1%, driven by a 37.0% increase in diamonds and other non-metallic minerals, and a significant rise in gold ore shipments to China. Unwrought aluminum and aluminum alloys exports rose by 50.7%, reaching C$1.2 billion, primarily to the Netherlands, Italy, and Greece. Energy exports declined by 2.0%, mainly due to a 5.4% drop in crude oil shipments. Imports edged down by 0.2% to C$72.9 billion, with a notable 18.2% decrease in metal and non-metallic mineral products. Exports to the United States increased by 1.5%, contributing to a trade surplus of C$11.6 billion with the U.S., the largest since January 2025.