{"id":575266,"date":"2026-08-05T06:42:22","date_gmt":"2026-08-05T06:42:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/575266\/"},"modified":"2026-08-05T06:42:22","modified_gmt":"2026-08-05T06:42:22","slug":"canada-trade-surplus-hits-four-year-high-nbc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/575266\/","title":{"rendered":"Canada: Trade surplus hits four-year high \u2013 NBC"},"content":{"rendered":"

National Bank of Canada\u2019s (NBC) Jocelyn Paquet reports Canada\u2019s merchandise trade surplus in goods reached a four-year high of C$3.86 billion in June, beating expectations. Exports rose for a fifth consecutive month to a record C$77.5 billion, driven by strong Gold<\/a> and copper shipments, while energy exports fell. Quarterly data suggest merchandise trade made a strong contribution to Q2 Gross Domestic Product (GDP) growth.<\/p>\n

Record exports and shifting composition<\/p>\n

“Excluding gold and copper, exports were down by as much as 3.0% during the month, as falling commodity prices amid easing tensions in the Middle East led to a 10.0% decline in the energy segment.”<\/p>\n

“A study of quarterly trade volumes hints at a strong contribution to Q2 GDP<\/a> growth from merchandise trade, with exports (+28.5% q\/q ann.) growing at a much faster pace than imports (+10.6%).”<\/p>\n

“Meanwhile, the increase in import volumes in the machinery and equipment category (+9.6%) suggests that business equipment spending may also have had a positive impact on growth during the quarter.”<\/p>\n

“Since the United States is the primary destination for our energy exports, it was perhaps not surprising to see the merchandise trade surplus with our southern neighbour narrow in June.”<\/p>\n

“Canada’s merchandise trade surplus reached a four-year high in June, as exports rose for the fifth consecutive month and hit an all-time high of C$77.5 billion.”<\/p>\n

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"National Bank of Canada\u2019s (NBC) Jocelyn Paquet reports Canada\u2019s merchandise trade surplus in goods reached a four-year high…\n","protected":false},"author":2,"featured_media":575267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-575266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/575266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=575266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/575266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/575267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=575266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=575266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=575266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}