Canada's trade surplus surged to a four-plus-year high in August as exporters front-loaded shipments ahead of looming tariff threats — with the U.S. bilateral surplus hitting a 19-month high, StatsCan reports.
Front-loading is rational panic: sell now before the border gets expensive. It flatters today's numbers while borrowing from tomorrow's.
Every loaded trailer through the GTA is somebody's overtime. But sugar highs fade — the real test is what ships after the tariffs land.
Sources: CBC News. Context from the Young Hadene newsroom.
Exporters rushed shipments ahead of expected tariffs.
No — front-loading borrows from future months.