Canada reported a trade surplus of C$2.7 billion in April 2026, up from C$1.8 billion in the prior month and slightly surpassing market forecasts of a C$2.6 billion. This marked the second consecutive trade surplus, and the largest since January 2025. Exports rose 1.6% month-on-month to a fresh record of $75.2 billion, with gains in 9 of 11 product categories, led by energy products (+9.7%). Notable increases were also seen for farm, fishing and intermediate food products (+8.9%) and motor vehicles and parts (+5.9%), partly offset by a 17.5% decline in metal and non-metallic mineral product exports. Meanwhile, imports edged up 0.3% to a new peak of $72.4 billion, mainly on account of basic and industrial chemical, plastic, and rubber products (16.9%); and electronic and electrical equipment and parts (4.2%).The country's trade surplus with the United States widened to C$9.5 billion in April, the largest surplus since February 2025, from C$7.8 billion in March.