News of the day: Exports surge, venture capital investment jumps, defying economic gravity, MDA satellite deals, World Cup drives spending and more

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Or sign-in if you have an account.For the month of June, Canada's global trade surplus widened slightly to $3.9 billion from $3.7 billion in May, marking the fourth consecutive monthly trade surplus. Photo by MARCO ANTONIO MARTINEZ / AFP via Getty ImagesIt’s Tuesday, August 4. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTotal exports rose by 13.1 per cent for the quarter, while imports increased by 4.2 per cent. It was the strongest increase in exports since the third quarter of 2020, according to Statistics Canada data published on Tuesday. A pedestrian at Bay and King streets in the financial district in Toronto. Photo by Peter Power/Postmedia filesGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againIt marks the first year-over-year increase in first-half venture capital investment since 2021, with the bulk of the gains coming early in the year. Second quarter investment this year declined seven per cent to $1.29 billion from the first quarter’s $1.39 billion. Canadian flag with Parliament Hill in the background in Gatineau, Que. Photo by TONY CALDWELL, PostmediaCanada has a recurring pattern of tax measures built for a headline and drafted without regard for how people move, writes Kim Moody. The announcement follows a partnership announced between MDA Space Ltd., Telesat Corp. and the Department of National Defence to deliver military satellite communications for the Canadian Armed Forces in the Arctic. Photo by Anton Petrus/Getty ImagesOttawa’s Telesat Corp. said that it is expanding its Telesat Lightspeed low-earth orbit network by 67 satellites, lifting its total number of fully funded satellites to 225 from 156. Brampton, Ont.-based MDA Space Ltd. will manufacture an additional 27 satellites for Telesat. The data gathered were from spending using Visa cards, including at stadiums, between June 11 to July 17, 2026 versus the same days in 2025. Photo by Jason Payne/PostmediaToronto and Vancouver hosted 13 matches during this year’s World Cup run. Visa said its data reveals the tournament left a measurable economic impact on local businesses across the two host cities.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.