Event6 October 2026Document

Statistics Canada: exports to the US rebound 8.1% in August 2026 and take 69.8% of Canada's exports, after a revised 66.1% in July

Statistics Canada reported on 6 October 2026 that exports to the United States rose 8.1% in August 2026, while exports to other countries fell 8.5% after a record July, led by lower exports to the United Kingdom (unwrought gold), the Netherlands (energy products) and France (aircraft and crude oil). Countries other than the US took 30.2% of Canadian exports in August, down from 33.9% in July (first reported as 33.7%), which leaves 69.8% for the US, up from 66.1%. The agency noted that new US tariffs announced on 22 July took effect at the end of August, which may prompt importers to ship early, and that part of the rise in consumer goods came from shipments of gold and silver coins to the US. Canada's trade surplus with the US widened from C$6.1 billion to C$11.2 billion, the largest positive monthly change on record. Balance-of-payments basis, seasonally adjusted.

Date

6 October 2026

Kind

Other

Where

Canada

Evidence

Document: An official document: a bill, a filing, an agreement text. How evidence is weighed

Sources

• Statistics Canada, “The Daily: Canadian international merchandise trade, August 2026” (external site), 6 October 2026. source record

Claims that rest on this event

• SupportsOutcome

  Canada's export diversification so far is more than half gold, and most of the rest is raw materials. Statistics Canada's headline figure, which includes gold, put the US share of goods exports at 69.8% in August 2026, up from 66.1% in July (balance-of-payments basis, seasonally adjusted). Leaving out gold sent to the UK, our calculation from customs data puts the US share at 79.1% in January-August 2024 and 74.6% in January-August 2026, and it has stayed around 74-75% in most months since April 2025 (monthly range about 72-78%). Of the rise in non-US exports between those two periods, about 52% is gold sent to the UK, and about two-thirds of the rest is raw materials. These are values, not volumes, and they say nothing about Washington's intent.

  Headline US share 69.8% in August, 66.1% in July (revised), balance-of-payments basis, gold included; the agency points to front-loading before new US tariffs and gold coins sent to the US.