{"id":431767,"date":"2026-06-09T19:40:05","date_gmt":"2026-06-09T12:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/canada-april-trade-balance-2-72-billion-vs-2-57-billion-expected\/"},"modified":"2026-06-09T19:40:05","modified_gmt":"2026-06-09T12:40:05","slug":"canada-april-trade-balance-2-72-billion-vs-2-57-billion-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/canada-april-trade-balance-2-72-billion-vs-2-57-billion-expected\/","title":{"rendered":"Canada April trade balance +$2.72 billion vs $2.57 billion expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-trade-balance-for-march-18b-vs-288b-estimate-20260505\/\" target=\"_blank\" rel=\"follow\">Prior <\/a>was +1.78 billion<\/li>\n<li>Exports $75.16 billion vs $72.77 billion prior<\/li>\n<li>Imports $72.44 billion vs $70.99 billion prior<\/li>\n<\/ul>\n<p>This was the largest monthly surplus since January 2025 and is the second month of surpluses.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Energy did the heavy lifting again, up 9.7% after March&#8217;s 23.4% jump \u2014 and both moves were price, not volume. Crude prices kept climbing on the Iran conflict, and StatCan flags that current-month crude is estimated and prone to fat revisions when prices are this jumpy. March already got marked up nearly $1.2 billion on exports alone. Treat April as a placeholder.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Strip out energy and the offsetting 17.5% drop in metals\/minerals, and exports were still up a solid 5.1%. So there&#8217;s underlying strength \u2014 wheat to China, autos, machinery all contributed. China exports hit a record $3.8 billion. That part&#8217;s genuine.<\/p>\n<p>Gold trade has made Canadian trade balance volatile lately. Unwrought gold exports to the UK fell 25.5%, dragging the metals line, while gold flows distort both sides of the ledger month to month.<\/p>\n<p>The surplus with the US widened to $9.5 billion, the biggest since February 2025, on crude and autos. That&#8217;s an unwelcome development in USMCA negotiations but it&#8217;s the reality of higher oil prices and Trump&#8217;s war in Iran. Exports south rose for a third straight month.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was +1.78 billion Exports $75.16 billion vs $72.77 billion prior Imports $72.44 billion vs $70.99 billion prior This was the largest monthly surplus since January 2025 and is the second month of surpluses. Energy did the heavy lifting again, up 9.7% after March&#8217;s 23.4% jump \u2014 and both moves were price, not volume. Crude [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-431767","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=431767"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431767\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}