April’s surplus exceeded forecasts, driven by higher exports and volatile gold trade flows.
Canada’s trade surplus rose to $2.72 billion in April, surpassing the $2.57 billion estimate. The increase follows a $1.78 billion surplus in March, reflecting stronger export performance.
Exports reached $72.77 billion, up from $70.99 billion in the prior period, while imports saw modest gains. Volatility in gold trade has recently influenced the balance, adding uncertainty to monthly figures.
Markets are monitoring the data for signs of sustained economic momentum amid shifting global trade dynamics.