Canada's trade surplus in February rose to C$4.8 billion ($3.9 billion) from C$4.3 billion in January due to higher exports of commodities, Statistics Canada said on Tuesday.
Analysts had on average forecast the surplus would be C$4.5 billion. Statscan revised January's figure from an original C$4.0 billion.
"Canada's merchandise exports to the world rebounded in February with an across-the-board increase in all major commodity groupings, led by a jump in agricultural and fishing products," Statscan said in its daily bulletin.
Exports rose by 1.4 percent to C$36.5 billion in February after a revised 1.2 percent decline in January. Imports fell by 0.2 percent to C$31.7 billion and were only C$60 million below January's record high.
Exports of agricultural and fishing products rose by 4.8 percent in February, in part due to a 40.1 percent increase in exports of wheat on the back of increased demand from Asia and Latin America. Exports of energy and forestry products were also up.