Canada’s goods-and-services trade surplus reaches $4.6 billion

Canada recorded a combined goods-and-services trade surplus of $4.6 billion in August, as merchandise exports rose and imports fell, Statistics Canada reported Tuesday.

Merchandise exports increased 2.5% to $77.9 billion, while imports declined 2.0% to $73.7 billion. That widened the goods surplus to $4.2 billion from $787 million in July and marked a sixth consecutive monthly merchandise surplus.

Exports increased in eight of 11 product sections. Energy exports rose 4.7%, their first increase since April, including a 17.4% gain in refined petroleum products and a 2.1% increase in crude oil exports.

Separately, services exports rose 0.7% to $21.1 billion and services imports fell 0.4% to $20.7 billion, producing a $400-million services surplus. The figures come from Statistics Canada’s merchandise trade release and services trade release, both published October 6, 2026.

Illustrative photo: Bent Van Aeken / Unsplash License. The image was not taken in connection with the August trade figures. Cropped and resized.