Canada's trade surplus widened slightly in June as the increase in gold exports offset the decline in energy exports. According to data released by Statistics Canada on Tuesday, Canada's imports and exports increased by 0.2% and 0.4% respectively in June, driving the trade surplus from 3.7 billion Canadian dollars after the May revision to 3.86 billion Canadian dollars. Canada's exports increased for the fifth month in a row, with exports of metallic and non-metallic mineral products growing by 16.5%, which was the main driving factor. This increase was mainly due to an increase in gold exports to the UK and the purchase of gold held in Canada by foreign residents in June. Meanwhile, Canadian energy exports fell 10% due to falling crude oil prices.

Canada's trade surplus widened slightly in June as the increase in gold exports offset the decline in energy exports. According to data released by Statistics Canada on Tuesday, Canada's imports and exports increased by 0.2% and 0.4% respectively in June, driving the trade surplus from 3.7 billion Canadian dollars after the May revision to 3.86 billion Canadian dollars. Canada's exports increased for the fifth month in a row, with exports of metallic and non-metallic mineral products growing by 16.5%, which was the main driving factor. This increase was mainly due to an increase in gold exports to the UK and the purchase of gold held in Canada by foreign residents in June. Meanwhile, Canadian energy exports fell 10% due to falling crude oil prices.