Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

TD Sees Higher Oil Prices Lifting Canada's Export Values in Q2

BY MT Newswires | ECONOMIC | 12:00 PM EDT

12:00 PM EDT, 05/05/2026 (MT Newswires) -- Canada's merchandise trade balance moved into a $1.8 billion surplus in March from a $5.1 billion deficit the prior month, said TD.

Exports in March surged by 8.5% month over month following February's sturdy gain. Rapidly rising energy prices pushed crude oil exports up 18.9% month over month, while exports of unwrought gold, silver, and platinum rose by a sizeable 37.7% month over month.

Meanwhile, exports of motor vehicles and parts (+4.5% month over month) rose again in March as they continued their recovery from January's depressed level. In total, seven of 11 product categories registered a gain.

March's trade data showed some firming in headline activity, though all of the positive print in exports came from price impacts of higher oil prices, stated TD.

With data up until March in the books, net trade still appears poised to subtract from Q1 2026 real gross domestic product growth, reflecting a broadly stronger quarter for imports.

Looking ahead, higher oil prices should "meaningfully" lift nominal export values into Q2, helping to further improve the trade balance, accoridng to the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article