FX.co ★ Canada Exports Rebound in May

In May 2025, Canada's exports experienced a 1.1% increase, reaching C$60.81 billion. This marks a recovery from the previous month’s significant decline of 11% and is the first rise observed in four months. Among the 11 product categories, gains were noted in seven, spearheaded by a substantial 15.1% increase in metal and non-metallic mineral products. This boost was largely fueled by a remarkable 30.1% escalation in unwrought gold exports, predominantly to the United Kingdom. The consumer goods sector saw a 2.6% growth, influenced by elevated pork shipments to Japan and a notable 52.9% rebound in seafood products. However, even with this progress, consumer goods exports are still 18.5% below their peak in January. Exports to the United States declined by 0.9%, marking the fourth consecutive month of decreases, largely due to the persistent impact of tariffs. Energy exports fell by 5.6%, with crude oil specifically experiencing a 4% decrease due to reduced prices and volumes. Adjusted for real terms, exports showed a rise of 0.7%.