Canada's exports are rebounding from the collapse in global trade, driven most recently by higher demand in the United States and strong demand for precious metals such as gold. Statistics Canada said this morning exports rose 3.4 per cent in October to $31.1-billion, as both volumes and prices rose. Notable is that the United States accounted for 75 per cent of the increase, good news for a country so dependent on its biggest trading partner. Imports fell 0.8 per cent, leaving the country with a trade surplus of $428-million, compared to September's $850-million deficit. Industrial goods and material led the export surge, accounting for more than half the increase, the federal statistics gathering agency said, although energy, agricultural and fishing producers were also strong. "Exports of precious metals rose 34 per cent to a record high of $1.3-billion," Statistics Canada said, adding that surging gold prices and demand for gold bars juiced the increase.