Duty Calls: Monthly Update on Trade Between Canada and the US, October 2025

Canada’s Trade Performance in October

In October, Canadian exports of goods climbed by 2.1%, marking ongoing growth since the spring. Imports also saw an increase, rising by 3.4%. As a result, the nation recorded a nearly even trade balance for the second month in a row.

Once again, unwrought gold was the primary factor behind the rise in exports. On the import side, the growth was spread across several sectors, with modest gains in electronics and electrical equipment, silver and platinum, as well as industrial machinery and components.

When compared to October of the previous year, both exports and imports of Canadian goods were 0.9% higher. The notable surge in gold export values, supported by significant price increases, contributed substantially to this growth.