Canada exported $21.5 billion worth of goods to non-U.S. countries in October 2025—up nearly 16 per cent over the previous month, according to figures Statistics Canada released Thursday. (The Logic)

Talking point: Prime Minister Mark Carney pledged to double non-U.S. exports by 2035 as part of efforts to reduce Canada’s reliance on an increasingly volatile trading relationship with the U.S. The agency attributed the latest growth in overseas exports to the soaring price of gold headed to the United Kingdom—where the value of exports jumped by more than 91 per cent over October 2024—and crude oil shipped to China. Meanwhile, the value of goods shipped south of the border fell by about three per cent to $44.1 billion in October over the previous month. The U.S. remained the primary destination for Canadian goods, accounting for 67 per cent of total exports, but that is down from 73 per cent of the share in October 2024.