Canada’s merchandise trade surplus widens to $5.4 billion

Canada’s merchandise trade surplus widened by $400 million to $5.4 billion in September, according to Statistics Canada.

Exports rose 0.2 per cent to $78.6 billion while imports fell 0.3 per cent to $73.2 billion. The headline increase in exports was concentrated: energy-product exports rose 8.2 per cent, led by a 10.2 per cent gain in crude oil and bitumen, while exports of unwrought precious metals and precious-metal alloys increased 16.8 per cent.

Statistics Canada said exports excluding energy products and metal and non-metallic mineral products declined 5.6 per cent. In volume terms, total exports fell 4.0 per cent. On the import side, motor vehicles and parts declined 9.1 per cent, while computers and peripherals rose 29.4 per cent.

Source: Statistics Canada, Canadian international merchandise trade, September 2026, released November 4, 2026.

Illustrative stock image: a container ship in Vancouver’s Burrard Inlet. Photo by Doug Nealy on Unsplash, used under the Unsplash License; cropped and resized.