In May, Canada's merchandise exports were up 1.1%, while imports fell 1.6%. As a result, Canada's merchandise trade deficit with the world narrowed from a record $7.6 billion in April to $5.9 billion in May. 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 May 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 international trade in an ... (full story)

Canada's goods and services trade deficit reached 6.6 billion Canadian dollars (approximately $4.85 billion) in May, improving from a deficit of 7.5 billion Canadian dollars observed in April, Statistics Canada revealed in a report on Thursday. Exports of goods and services rose by 0.8% on a monthly basis to 78.7 billion Canadian dollars, while imports dipped by 0.8% to 85.3 billion Canadian dollars. The country's goods trade deficit improved from 7.1 billion Canadian dollars in April to 5.9 billion Canadian dollars in May, with exports increasing by 1.1% and imports falling by 1.6%. Exports to the United States ... (full story)