Canada posted a trade surplus for the second consecutive month in April, driven primarily by higher prices for oil and energy. Read more

OTTAWA - Statistics Canada says the country's merchandise trade surplus grew to $2.7 billion in April as higher oil prices helped boost exports to a record high.

Canada posted a trade surplus for the second consecutive month in April, driven primarily by higher prices for oil and energy. Read more

Canada's trade surplus rose for the second consecutive month in April. Here's what economists are saying about the latest data. Read on.

Canada's trade surplus widened to C$2.7 billion in April 2026 as crude oil exports surged 7% and total merchandise exports hit a record C$75.2 billion.

Experts say the increase in exports points to possible economic growth this spring which, along with encouraging GDP data for April, could help calm fears of a recession.