Statistics Canada reported that the country's merchandise trade surplus widened to $3.9 billion in June, the largest monthly surplus in more than four years, as total exports rose to a record $77.5 billion. A 16.5% jump in metal and mineral exports, driven by a surge in gold shipments, offset a 10% drop in energy exports as oil prices eased. The data lands ahead of the Bank of Canada's September 2 rate decision, adding a stronger trade picture to what the Bank weighs after holding its rate at 2.25% since July.
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