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Canada’s Trade Surplus Surges on Global Demand | Vancouver News
Description
Canada’s economy is roaring — hitting its third straight trade surplus in May, fueled by a record $77.1 billion in exports. Oil prices and global demand are driving the surge, but it’s the unexpected winners that steal the show: nuclear fuel up 55%, sulphur products and diamonds soaring 37%, and aluminum exports jumping over 50% despite U.S. tariffs — mostly heading to Europe. Even U.S. exports edged up, helping Canada notch its biggest surplus with its biggest trading partner in years. The Prime Minister’s push for export diversification? Looks like it’s finally paying off.
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