Canada Exports Rise in July

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Canada’s exports rose 0.9% to C$61.9B in July 2025, matching June’s growth and marking a third straight monthly increase. Energy products led the gains (+4.2%), with crude oil exports up 2.3% on higher prices and volumes, while nuclear fuel (+49.7%) and coal (+28.6%) also contributed. Motor vehicles and parts jumped 6.6% as seasonal factory shutdowns were less severe this year, aided by a sharp 10.8% rise in passenger car and light truck exports despite US tariffs weighing on production. Offsetting some of the strength, exports of metals and minerals fell 8%, driven by unwrought gold (-12.2%) and aluminum (-31%), the latter sliding for a fourth month to its lowest level since 2019 under US tariff pressure.

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