OTTAWA — Statistics Canada says the country posted a merchandise trade surplus of $638 million in June as exports of crude oil and gold rose sharply.
The agency says the result compared with a revised trade deficit of $1.6 billion in May. The initial reading for May released last month had shown a deficit of $1.9 billion.
Total exports rose 5.5 per cent in June to $66.6 billion, as exports of energy products gained 11.7 per cent, helped by a 13.3 per cent increase in exports of crude oil.
Exports of metal and non-metallic mineral products also gained 11.8 per cent in June, boosted by exports of unwrought gold.
Total imports increased 1.9 per cent to $66.0 billion in June as imports of motor vehicles and parts rose 5.1 per cent.
In volume terms, exports rose 3.8 per cent in June and imports increased 1.3 per cent.
This report by The Canadian Press was first published Aug. 6, 2024.
The Canadian Press
