Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyHigh energy prices fuel surge in Canadian exports in second quarterJune marks fourth consecutive month with global trade surplus You can save this article by registering for free here. Or sign-in if you have an account.For the month of June, Canada's global trade surplus widened slightly to $3.9 billion from $3.7 billion in May, marking the fourth consecutive monthly trade surplus. Photo by MARCO ANTONIO MARTINEZ / AFP via Getty ImagesCanadian exports grew faster than imports in the second quarter of 2026 as higher oil prices lead to a large increase in the value of energy product exports.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 AccountorTotal exports rose by 13.1 per cent for the quarter, while imports increased by 4.2 per cent.It was the strongest quarterly increase in exports since the third quarter of 2020, according to Statistics Canada data published on Tuesday.In real or volume terms, exports were up 5.4 per cent while imports were up 1.4 per cent.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.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 FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againFor the month of June, Canada’s global trade surplus widened slightly to $3.9 billion from $3.7 billion in May, marking the fourth consecutive monthly trade surplus.Merchandise exports edged up by 0.4 per cent due to higher exports of gold to the United Kingdom and higher purchases of Canadian-held gold by foreign residents — an increase of around 27.9 per cent — which helped offset lower exports of energy products as crude oil prices fell from their highs.In volume terms, total exports were up 1.1 per cent in June.Meanwhile, imports edged up by 0.2 per cent because of a record number of shipments of computers and computer peripherals, an increase of around 59 per cent. Processing units often used in data centres coming in from the United States drove the increase. If this product section was excluded, imports fell by 1.3 per cent.Higher prices helped contribute to the monthly increase in total imports. In volume terms, total imports were down by 1.5 per cent.Statistics Canada officials noted, however, that the depreciation of the Canadian dollar impacted import and export values in June because most transactions are completed in U.S. dollars and must be converted.When the Canadian dollar depreciates against the U.S. dollar, monthly trade values expressed in Canadian dollars will be higher. On average, the value of the Canadian dollar decreased by 1.7 cents U.S. in June, the largest monthly decrease since October 2022.If expressed in U.S. dollars, Canadian exports decreased by two per cent in June while imports were down 2.1 per cent. 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.