May 2026
Canada had a trade surplus in March due mainly to the increased price of oil and gold. It is the first monthly trade surplus in months and is an encouraging sign for the Canadian economy, although enthusiasm should be tempered by the higher consumer cost of energy.
Gold price: Canada trade surplus in March as crude prices, gold exports jump
Canada’s new lower immigration policy is having a slowing effect on the economy and could continue doing so for the foreseeable future. Canada’s birthrate has traditionally been insufficient to maintain the population without immigration and a declining population means less consumer spending and a general slowing of the economy.
Lower immigration slows Canada’s job and GDP growth
Canada’s economic future is in a transition from stability in our trade and economy to uncertainty. The traditionally strong employment sectors of real estate and manufacturing are struggling. Here are some good Canadian economic metrics.
Tracking Canada's economic health
Here is the Bank of Canada economic update