The Globe and Mail reports in its Wednesday edition that Canada's merchandise trade surplus rose to $3.9-billion in June, up from $3.7-billion in May, which was revised from $4.2-billion. A Canadian Press dispatch to The Globe reports that Statistics Canada reported that the average value of the loonie fell by 1.7 U.S. cents, leading to higher trade values in Canadian dollars. In U.S. dollars, exports decreased by 2 per cent and imports by 2.1 per cent in June. In Canadian dollars, total exports gained 0.4 per cent in June to post the fifth consecutive monthly increase and hit a record $77.5-billion. Exports of metal and non-metallic minerals rose 16.5 per cent, boosted in part by higher gold shipments. The overall gain in exports was largely offset by a 10-per-cent drop in energy product exports in June as oil prices fell. Total imports edged up 0.2 per cent in June to $73.6-billion. In volume terms, total exports were up 1.1 per cent, while imports were down 1.5 per cent. Almost half of the increase came from higher energy products exports, as oil prices rose amid the conflict in the Middle East, Statscan said. Exports of motor vehicles and parts were also up 19.3 per cent, following two quarters of declines.