Canada’s exports fell 3.0% month-on-month to C$60.6 billion in August 2025, marking the first decline since April. Eight of the 11 product categories posted declines. Metal and non-metallic mineral products led the drop, sliding 7.6% on lower unwrought gold shipments (-11.8%) to the United States. Industrial machinery, equipment and parts fell 9.5%, weighed down by weaker exports of general-purpose machinery (-11.6%) to the US and commercial and service industry machinery (-26.1%) to France, the US, and Poland. Forestry products and building and packaging materials declined 10.1%, largely due to a sharp fall in lumber and sawmill products (-25.4%) following higher US anti-dumping and countervailing duties.