FX.co ★ Canada Swings to Trade Surplus in March, Snapping February Deficit

Canada’s trade position improved sharply in March 2026, shifting from a substantial deficit to a solid surplus, according to the latest data updated on 5 May 2026.

The country’s trade balance moved from a deficit of -5.11 billion in February 2026 to a surplus of 1.78 billion in March 2026. This turnaround marks a notable monthly swing in Canada’s external accounts, suggesting a stronger performance in exports, weaker imports, or a combination of both over the period.

The shift back into positive territory may influence expectations around Canada’s near-term economic momentum and could factor into market views on the currency and future trade-related policy discussions. Further details on the composition of the surplus will be key for assessing its durability in the months ahead.