04.09.202513:29:48UTC+00Canada Exports Rise in July

In July 2025, Canada's exports increased by 0.9% to reach C$61.9 billion, maintaining the momentum seen in June and marking the third consecutive month of growth. The primary driver of this rise was energy products, which saw a significant 4.2% increase. Specifically, crude oil exports climbed by 2.3% due to both higher prices and volumes. Other noteworthy contributions came from nuclear fuel, which surged by 49.7%, and coal, which rose by 28.6%. The automotive sector also experienced notable growth, with motor vehicles and parts exports jumping by 6.6%. This was attributed to less extensive seasonal factory shutdowns, which fostered a substantial 10.8% increase in passenger car and light truck exports, despite the ongoing impact of US tariffs on production. However, this growth was partially counteracted by a decline in metals and minerals exports, which dropped by 8%. This decrease was mainly driven by unwrought gold and aluminum, which fell by 12.2% and 31%, respectively, with aluminum facing its lowest level since 2019 due to continued US tariff pressures.