Record Energy Exports Push Canada’s Current Account Surplus to a 20-Year High

智通财经2026/08/27 14:31

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Canada's current account surplus in the second quarter was more than double economists' expectations, as crude oil and bitumen exports surged to record levels, providing the country with a trade buffer amid escalating tariff disputes with the United States. Data released by Statistics Canada on Thursday showed Canada's current account surplus in the second quarter reached 8.84 billion CAD (6.4 billion USD), the largest surplus since 2005 and the fourth-largest current account surplus since data became available in 1981. The first quarter deficit was revised to 8.31 billion CAD. Previously, economists expected a second-quarter current account surplus of 3.9 billion CAD. The shift from deficit to surplus in the current account was mainly driven by goods exports, particularly energy products. Boosted by the surge in global oil prices caused by the Iran war, Canadian energy product exports grew by 27.4% in the second quarter. Inflows into Canadian government bonds also hit a record, with foreign investors increasing their holdings of Canadian government bonds by 80.8 billion CAD.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

SK Hynix (SKHY.US) held a groundbreaking ceremony on Thursday for its advanced memory packaging plant in Indiana, USA. The plant, located in West Lafayette, represents an investment of over $4 billion, covers 133.5 acres, and will become SK Hynix’s first high-bandwidth memory (HBM) packaging base in the United States. At the event, CEO Kwak Noh-jung stated that the factory’s clean room is expected to be operational by October 2028, with next-generation HBM mass production scheduled for the seco

智通财经•2026/08/27 15:31

SK Hynix CEO: Will continue to expand investment and collaboration in the United States.

智通财经•2026/08/27 15:26

SK Hynix Inc. held a groundbreaking ceremony for its advanced memory packaging plant in Indiana, USA, marking a significant milestone in Washington's efforts to rebuild domestic supply chains and manufacturing. The West Lafayette facility will become SK Hynix's first high-bandwidth memory (HBM) packaging base in the US, with its clean room expected to open in October 2028 and mass production slated to begin in the second half of 2029. The Indiana project is supported by the US CHIPS and Science

智通财经•2026/08/27 15:21