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Canada trade surplus rises to four-year high in June

The surplus followed a record C$77.5 billion in exports, while energy shipments declined, and trade contributed to Q2 GDP growth.

Reported · Written up by our desk · Central Banks

Canada’s goods trade surplus reached a four-year high of C$3.86 billion in June, beating expectations, according to National Bank of Canada (NBC) economist Jocelyn Paquet, as cited by FXStreet.

Exports rose for a fifth straight month to a record C$77.5 billion, supported by strong gold and copper shipments, while energy exports fell.

NBC data cited by FXStreet suggest merchandise trade made a strong contribution to Q2 GDP growth.

The FXStreet note also points to ongoing currency-market focus, including the Canadian trade update and separate commentary on GBP/USD and EUR/USD movements.

Latest closeGold $4,157.80 ▲0.4%|Copper $6.544 ▼0.8%|EUR/USD 1.122 ▼0.3%

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