In April, Canada's merchandise exports dropped 10.8%, while imports fell 3.5%. As a result, Canada's merchandise trade deficit with the world widened from $2.3 billion in March to $7.1 billion in April. This was the largest deficit on record. 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 April 2025. Please see the Note to readers below for more information. Consult the "International trade monthly interactive dashboard" to explore the most recent results of Canada's ... (full story)

Canada's trade deficit in April widened to an all-time high of a whopping C$7.1 billion ($5.2 billion), data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods from the United States. Its exports to the rest of the world rose, but could not compensate for the drop of exports to the U.S., data from Statistics Canada showed. Exports to the U.S. shrunk by 15.7%, a third consecutive monthly decline, Statscan said, adding that exports south of the border has fallen by over 26% since the peak seen in January. Analysts polled by Reuters had expected the trade deficit to ... (full story)