Canada's trade surplus in January exceeded expectations by a wide margin to post a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products higher, especially south of its border,

Canada posted a Can$4.0 billion trade surplus in January on record exports and imports, as threats of US tariffs saw a sudden boost in shipments south, the national statistical agency said Thursday. The surplus -- up from a revised Can$1.

Canada’s exports to the US reached a fresh record on shipments of cars, auto parts and oil, helping the northern nation to post its largest overall trade surplus since May 2022.