Canada Rebounds with $718 Million Trade Surplus in August After Port Closures Disrupted July Trade

Canada posted a $718 million trade surplus in August, rebounding after port closures in July.

Exports rose due to transfers of gold to the U.S. and higher crude prices.

Imports also increased but by a smaller margin than exports.

The surge in exports was the biggest since October 2021.

Exports of metals and energy products drove the increase.