7 October 2025, 16:57 Canada: Gold Pushes Canadian Imports Higher.
Imports from Canada rose 0.9% mom to CAD 66.91 billion in August 2025, following a 1.3% decrease in July, led by a 24.2% jump in imports of metal and non-metallic mineral products, mostly unwrought gold from South Africa and Switzerland, following declines from May to July. In the context of the uncertainty related to recent tariffs imposed by the US, imports of gold continue to show great volatility in 2025. Excluding this product section, imports were down 1%. Higher prices also contributed to the monthly increase in imports; in volume terms, total imports were down 0.3%. Imports of consumer goods increased 2.3%, partly because of higher prices, and led by pharmaceutical products (+24.6%) from Switzerland and Belgium. In contrast, there was a 12.8% decline in purchases of energy, mostly crude oil from the US. Total imports from the US fell 1.4% while those to other countries increased 4.2% to a record value.
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