Episode Details

Canada’s trade surplus surged to a record $3.9 billion in June as exports jumped and imports dipped, fueled by a weaker loonie that boosted the value of Canadian-dollar-denominated exports. While U.S.-dollar terms showed a slight decline in both exports and imports, Canadian-dollar exports hit a new high of $77.5 billion. Metal exports soared, especially gold, silver, and platinum, while aluminum exports plummeted due to U.S. tariffs. Energy exports fell amid lower global prices, but copper exports hit record highs to key Asian markets. Canada’s push to diversify trade away from the U.S. got a small boost, with exports to other nations rising slightly—led by gold sales to the UK. Imports of tech gear from the U.S. rose, hinting at growing Canadian investment in AI infrastructure.

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