Canada’s September trade surplus widened to $5.4B from a revised $5.0B, RBC Economics reports. Higher gold and energy prices helped lift export values, but export volumes fell 4% and exports excluding energy and metals dropped 5.6%. RBC estimates that around 82% of exports to the U.S. still crossed duty-free, limiting broader spillover while tariff-targeted sectors face disruption.
Related currencies / asset groups: CAD
RBC argues duty-free access for most Canadian exports should limit broader spillover despite significant disruption in targeted sectors.
RBC reports Canada’s September trade surplus at $5.4B versus August’s $5.0B, revised from $4.2B.
www.rbc.comRBC reports September export volumes fell 4%; exports excluding energy and metals fell 5.6%.
www.rbc.comRBC estimates around 82% of Canadian exports to the U.S. crossed duty-free in September and expects limited broader spillover despite disruption in targeted sectors.
www.rbc.comLimitation: Monthly trade data are highly volatile and revision prone; higher prices masked falling export volumes.
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