April Canadian trade balance +1.94B vs +0.90B expected

• Prior was +0.97B (revised to +0.23B)
• Exports 64.85B vs 63.56B prior
• Imports 62.91B vs 62.59B prior
• Exports +2.5%
• Imports -0.2%
• Canadian trade surplus with the US $9.5B vs $7.2B prior
• Full report

This is a solid reading for Canadian trade with exports of metals and minerals leading the way with a 13.6% increase, mostly on gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term. Energy also helped as crude prices improved in April. Exports of vehicles rose 7.4% in April as well and were up 16.2% y/y as supply chains improved.