The Canadian trade surplus widened to C$4B in January 2025, the largest since May 2022 and well above market expectations of C$1.3B. Canada's merchandise exports rose 5.5% to a record C$74.5B, while imports increased 2.

Canada's trade surplus in January exceeded expectations by a wide margin to post a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products higher, especially south of its border,

Canada's merchandise trade surplus in January rose to its highest level since May 2022, as both exports and imports surged in the face of tariff threats by the United States.