US for Control on Polysilicon to Counter China Domination

[ABS News Service/05.08.2026]

Canada’s trade surplus with the world hit a four-year high as exports rose for a fifth straight

month to reach a fresh peak, buoyed by a surge in gold shipments that helped counter a pullback in oil

prices and all-time high imports, according to a report in the Wall Street Journal.

Canada recorded a merchandise-trade surplus of 3.86 billion Canadian dollars, the equivalent of

about US$2.74 billion, Statistics Canada said Tuesday. That was larger than the positive C$3 billion

trade balance that economists had anticipated and came after May’s surplus was revised downward to

C$3.7 billion.

Exports of Canadian goods increased 0.4 percent to C$77.79 billion in the latest month, while

imports nudged up 0.2 percent to C$73.63 billion, the national data agency said.

Canada has now run a goods-trade surplus for four months running, and the data point to a

strong contribution from net trade to the estimated rebound in gross domestic growth for the second

quarter. It adds to evidence that businesses are adapting to US trade policies, though uncertainty remains

high after President Trump recently threatened a new round of tariffs on US imports from its northern

neighbor.

Shipments to the US rose a fifth consecutive months with an advance of 0.3 percent in June, and

imports climbed 3 percent to the highest on record, evidence of the still strong reliance Canada has on

the US. Canada’s longstanding surplus with its biggest trading partner narrowed to C$9.98 billion from

C$11.12 billion a month earlier.