{"id":725421,"date":"2026-06-09T15:40:11","date_gmt":"2026-06-09T15:40:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/725421\/"},"modified":"2026-06-09T15:40:11","modified_gmt":"2026-06-09T15:40:11","slug":"canadas-trade-surplus-widens-in-april-as-soaring-crude-prices-drive-record-exports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/725421\/","title":{"rendered":"Canada\u2019s trade surplus widens in April as soaring crude prices drive record exports"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Shipping containers in the Port of Montreal.Christopher Katsarov\/The Canadian Press<\/p>\n

Crude oil prices pushed up by the Iran war helped propel Canada\u2019s goods trade surplus in April up by 55 per cent to a 15-month high of $2.72-billion, Statistics Canada said on Tuesday.<\/p>\n

Analysts polled by Reuters had forecast a surplus of $2.57-billion. Statscan revised March\u2019s surplus down to $1.75 billion from an initial $1.78-billion.<\/p>\n

Total exports increased 1.6 per cent in April to reach a record high of $75.16-billion. Exports of energy products rose 9.7 per cent in April, following an increase of 23.4 per cent in March.<\/p>\n<\/p>\n

\u201cBoth monthly increases were driven by higher prices, which continued to rise in April amid the uncertainty caused by the conflict in Iran,\u201d Statscan said in a commentary. Crude oil exports, which rose by 7.0 per cent, contributed the most to the gain.<\/p>\n

The overall increase in total exports was offset by a 17.5-per-cent decrease in exports of metal and non-metallic mineral products, which had boomed in February and March. Lower shipments of gold to Britain were largely responsible for the decline.<\/p>\n

Imports edged up 0.3 per cent to hit a record $72.44-billion, largely due to a 16.9 per cent increase in imports of basic and industrial chemical, plastic and rubber products.<\/p>\n

Canada adds 87,800 jobs in May, far exceeding estimates<\/a><\/p>\n

Although Ottawa is trying to diversify exports away from the United States amid a trade war between the two countries, the market still dominates Canadian trade.<\/p>\n

Exports to the United States grew by 4.8 per cent to $51.98-billion, representing 69.2 per cent of all trade, the largest share since September 2025.<\/p>\n

Imports grew 1.6 per cent to $42.50-billion. As a result, the Canadian surplus with the United States rose to $9.48-billion, the largest since February 2025.<\/p>\n

After reaching a record high in March, exports to countries other than the United States fell 4.8 per cent in April. This was partially offset by higher exports to China, which reached a record $3.84-billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Shipping containers in the Port of Montreal.Christopher Katsarov\/The Canadian Press Crude oil prices…\n","protected":false},"author":2,"featured_media":725422,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-725421","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/725421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=725421"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/725421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/725422"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=725421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=725421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=725421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}