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Canadian international merchandise trade, March 2026
In March, Canada's merchandise exports posted a strong increase, rising 8.5%, while imports fell 1.6%. As a result, Canada's merchandise trade balance with the world went from a deficit of $5.1 billion in February to a surplus of $1.8 billion in March. This is the first trade surplus since September 2025. Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's international trade in an interactive format. Following a 6.8% increase in February, total exports rose 8.5% to $72.8 billion in March, the highest level since January 2025. Amid the uncertainty ... (full story)
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Canada trade balance for March +$1.8B vs -$2.88B estimate
Details: • Canada swung to a trade surplus of $1.8B in March (from a $5.1B deficit in February) — first surplus since Sept 2025 • Exports surged +8.5% to $72.8B, driven by gold and crude oil (price-driven gains; volumes slightly lower) • Imports fell -1.6%, led by declines in consumer goods and aircraft • Trade surplus with the U.S. widened to $7.1B on higher exports and lower imports • Exports to non-U.S. countries hit a record, while the deficit with those countries narrowed • Quarterly picture weaker: Q1 trade deficit widened to $6.5B, with imports outpacing exports • Goods + services combined: ... (full story)
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