Canada’s merchandise trade surplus widened to $4.2 billion in May from $3.4 billion in April, Statistics Canada reports, a third consecutive surplus month. Exports rose 0.9 per cent to a record $77.1 billion, a fourth straight monthly gain, while imports edged down 0.2 per cent. The surplus with the United States grew to $11.6 billion, the largest since January 2025. A trading nation running consistent surpluses through a period of tariff pressure and supply disruption signals resilience in the terms on which Canada meets the world.