# Canadian dollar stays firm after September trade surplus widens

> Statistics Canada reported a seasonally adjusted September goods surplus of C$5.4 billion, up from a revised C$5.0 billion in August. Export values rose 0.2% while volumes fell 4.0%, and higher prices lifted crude oil and bitumen export values by 10.2%. The Canadian dollar firmed against the US dollar, with USD/CAD near 1.3951.

- Date: 2026-11-04 · published 2026-11-05T03:09:24.490Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/81015-canadian-dollar-stays-firm-after-september-trade-surplus-widens
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A wider trade surplus supports the Canadian dollar, but weaker export volumes and falling oil prices limit the gain. The Bank of Canada's inflation concerns from energy prices remain a factor in currency pricing.

## Read by commodity

- WTI: neutral
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-19 | [Japan Trade Balance Widens April on Record Import - Asia Financial News](https://feedsoft.ai/events/41630-japan-trade-balance-widens-april-on-record-import-asia-financial-news.md) | +2.2% | +7.2% |
| WTI | 2021-08-31 | [OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived - Bloomberg](https://feedsoft.ai/events/45472-opec-sees-2021-oil-deficit-2022-surplus-as-supply-revived-bloomberg.md) | -1.2% | +8.9% |
| WTI | 2025-01-08 | [US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says](https://feedsoft.ai/events/10349-us-crude-stocks-at-cushing-fall-to-decade-low-fuel-inventories-surge-eia-says.md) | +4.3% | -4.6% |
| WTI | 2024-12-12 | [Oil settles flat; markets weigh IEA surplus forecast, rate cut optimism \| Reuters](https://feedsoft.ai/events/27118-oil-settles-flat-markets-weigh-iea-surplus-forecast-rate-cut-optimism-reuters.md) | +0.4% | +9.3% |
| WTI | 2024-10-09 | [US crude stocks rose last week, fuel inventories dipped as demand surged, EIA says](https://feedsoft.ai/events/11688-us-crude-stocks-rose-last-week-fuel-inventories-dipped-as-demand-surged-eia-says.md) | -4.1% | -2.5% |

## Sources

- fxnews.ai: https://fxnews.ai/news/canadian-dollar-september-trade-surplus-export-volumes-2026-11-04/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.