In March, Canada's merchandise exports decreased 0.2%, while imports were down 1.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.4 billion in February to $506 million in March. The March deficit is within the typical bounds for monthly revisions applied to imports and exports in subsequent months. Due to the implementation of the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) digital initiative, estimates were added to the reference months from November 2024 to March 2025. Please see the Note to readers below for more information. Consult the ... (full story)

Canada's goods and services trade deficit stood at 942 million Canadian dollars (approximately $682 million) in March, narrowing from a deficit of 2.1 billion Canadian dollars observed in February, Statistics Canada said in a report on Tuesday. Exports of goods and services fell 0.1% to 87.6 billion Canadian dollars, while imports declined 1.3% to 88.5 billion Canadian dollars. The country's goods trade deficit improved from 1.4 billion Canadian dollars in February to 506 million Canadian dollars in March, with exports decreasing 0.2% and imports falling 1.5%. Exports to the United States slid 6.6% following the ... (full story)