{"id":845895,"date":"2026-08-04T15:42:09","date_gmt":"2026-08-04T15:42:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/845895\/"},"modified":"2026-08-04T15:42:09","modified_gmt":"2026-08-04T15:42:09","slug":"canadas-trade-surplus-widens-in-june-on-weaker-canadian-dollar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/845895\/","title":{"rendered":"Canada\u2019s trade surplus widens in June on weaker Canadian dollar"},"content":{"rendered":"

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

The Global Container Terminals’ Deltaport facility in Delta, B.C., last month.DARRYL DYCK\/The Canadian Press<\/p>\n

Canada\u2019s trade surplus in June hit a four-year high of $3.86-billion, but the number largely reflected a weaker Canadian dollar rather than economic strength, Statistics Canada said on Tuesday.<\/p>\n

Analysts polled by Reuters had estimated a June surplus of $3-billion in June. May\u2019s surplus was revised sharply down to $3.7-billion from an initial $4.24-billion.<\/p>\n

Most import and export transactions are completed in U.S. dollars and must be converted to Canadian dollars to compile trade statistics.<\/p>\n

\u201cAll other things being equal, when the Canadian dollar depreciates against the U.S. dollar, monthly trade values expressed in Canadian dollars are higher,\u201d Statscan said.<\/p>\n<\/p>\n

In June, the average value of the Canadian dollar decreased by 1.7 US cents compared with May, the largest monthly decline since October, 2022.<\/p>\n

In Canadian dollar terms, exports rose by 0.4 per cent and imports edged up by 0.2 per cent. But when expressed in U.S. dollars, exports dropped by 2.0 per cent in June while imports posted a 2.1-per-cent loss.<\/p>\n

The surplus was the highest since May, 2022.<\/p>\n

Canada\u2019s economy grew 0.3% in May, coming in above expectations<\/a><\/p>\n

Exports were pushed up in part by a 16.5-per-cent jump in the value of shipments of metal and non-metallic mineral products.<\/p>\n

The overall increase was largely offset by a 10-per-cent decrease in exports of energy products on lower prices.<\/p>\n

Imports were boosted by higher imports of processing units of the type used in data centers.<\/p>\n

Although Ottawa is seeking to diversify trade in the face of President Donald Trump\u2019s tariffs, Canada remains heavily reliant on the U.S. market and in June, 69.5 per cent of all exports flowed south of the border.<\/p>\n

Exports to the United States edged up by 0.3 per cent while imports rose by 3.0 per cent. As a result, Canada\u2019s trade surplus with the United States narrowed to $9.98-billion from $11.12-billion in May.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Global Container Terminals’ Deltaport facility in Delta, B.C., last month.DARRYL DYCK\/The Canadian…\n","protected":false},"author":2,"featured_media":845896,"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-845895","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\/845895","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=845895"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/845895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/845896"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=845895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=845895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=845895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}