Canada recorded a merchandise trade surplus for the first time since January as exports rebounded sharply and imports declined.
New data from Statistics Canada shows the country’s trade balance flipped to a narrow surplus of C$153 million ($111 million) in September from a deficit of C$6.4 billion in August.
Economists surveyed by Bloomberg expected a trade deficit of C$4.5 billion.
Total exports jumped by 6.3% amid increases across product categories, though metal and non-metallic mineral products posted the largest increase, rising by 22.7%.
“Since the beginning of 2025, these exports have been showing an up-and-down trend. On one hand, products ...