world-economy

Canada's Trade Surplus Hits Post-Tariff Peak on Oil Export Surge

Canada's trade surplus expanded to its widest margin since before tariff pressures mounted, driven by crude oil exports that reached record levels in April. The country's energy sector provided the primary momentum for the surplus widening, offsetting weakness in other commodity categories. Gold shipments fell sharply during the period. The trade data underscores Canada's continued reliance on energy exports as a key economic driver.