FX.co ★ Canadian Exports Rise to Record

Canada’s merchandise exports rose 1.6% in April 2026 from the previous month to a record C$75.2 billion. The increase was driven primarily by a sharp rebound in energy exports, which climbed 9.7% to C$19.9 billion. Ongoing conflict in the Middle East continued to disrupt energy trade from that region, pushing up prices for Canadian oil and natural gas and boosting the value of related shipments.

Exports also grew for farm, fishing, and intermediate food products, which advanced 8.9% to C$5.3 billion, as well as for aircraft and other transportation equipment, which jumped 13.8% to C$3.1 billion.

In contrast, exports of metal and non-metallic mineral products fell 17.5% to C$12.5 billion, though they remained high by historical standards. The decline reflected a reversal of the earlier surge in exports of gold, silver, and platinum to the United Kingdom recorded in previous months.

Exports to the United States increased for a third consecutive month, contributing to Canada’s largest bilateral surplus with its southern neighbor in 14 months, despite the tariffs imposed by the U.S. President.