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Or sign-in if you have an account.Canada's energy exports increased by 9.7 per cent last month following a 23.4 per cent increase in March. Photo by Brent Lewin/BloombergCanada posted a trade surplus for the second consecutive month in April, driven primarily by higher prices for oil and energy.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe $2.7 billion surplus was the largest since January 2025 and followed a $1.8 billion trade surplus in March — the first trade surplus since September 2025 — and a $5.1 billion trade deficit in February.The data, published by Statistics Canada on Tuesday, showed total exports rose 1.6 per cent to reach a record high of $75.2 billion in April.In real or volume terms, total exports were up three per cent, the third consecutive monthly increase.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe increase was driven by energy exports, which increased by 9.7 per cent following a 23.4 per cent increase in March, mainly due to rising prices caused by the war in Iran. Crude oil contributed most to this category, along with exports of refined petroleum energy products.Exports of farm, fishing and agriculture products also increased by 8.9 per cent in April, their highest levels since January 2025. Exports of wheat increased the most partly due to higher shipments to China. Intermediate food products also contributed to the movement because of higher exports of crude canola oil to the United States.Several other products also contributed to the overall increase in exports, including passenger cars and light trucks, which StatCan said is associated with a rise in auto production in Canada.But that overall increase was largely offset by a 17.5 per cent decrease in exports of metal and non-metallic mineral products in April. Gold, silver and platinum exports contributed the most to this movement — posting a 25.5 per cent decrease following sharp increases in February and March — mainly driven by lower shipments of gold to the United Kingdom.Total imports also edged up by 0.3 per cent in April to reach a record of $72.4 billion, after the economy posted a 1.6 per cent decrease in March. Imports of industrial chemical, plastic and rubber products contributed most to the gain in April, as well as electronic and electrical equipment and parts.Those gains were offset by a 12.9 per cent decline in imports of metal and non-metallic mineral products, mainly driven by gold, silver and platinum imports. The decrease was attributed to a drop in gold prices and lower purchases of gold, according to StatCan.Canada’s trade surplus with the U.S. also widened by 4.8 per cent to $9.5 billion in April, due to higher exports of crude oil, passenger cars and light trucks. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.