# Canada Posts C$4.6 Billion August Trade Surplus on Energy, Precious Metals By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/49046 Published: 2026-11-05T05:00:32.000Z Updated: 2026-11-05T05:00:32.000Z Section: Regulation > Goods exports covered by the latest U.S. measures account for about 5% of Canada’s shipments to the United States. Second-quarter figures also showed export and business-investment gains. Canada recorded a C$4.6 billion global merchandise trade surplus in August, with energy and precious-metal exports supporting the balance as tariffs shape its trade relationship with the United States. Canada has imposed tariffs on selected U.S. goods in response to U.S. tariffs. Canadian goods exports covered by the latest U.S. measures account for about 5% of the country’s goods shipments to the United States, a share examined in [earlier coverage of Canada’s tariff exposure](). Exports advanced 3.6% in the second quarter, as shipments of passenger cars and light trucks jumped 27%. Non-energy exports increased 14.5% to their highest level since early 2025, and business investment rose at an annualized rate of 8.8%. These second-quarter measures describe activity before the August monthly trade balance and cover different parts of the economy. The Bank of Canada’s next interest-rate announcement is scheduled for Dec. 9. ## Links in this article - [earlier coverage of Canada’s tariff exposure](https://www.tokenpost.com/news/regulation/23757)