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Canada's February trade deficit surges to a six-month high on gold imports
Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as a surge in gold purchases abroad pushed imports to a record high. The percentage of Canada's exports that went to the U.S. dropped to its lowest level of just over 66%, from 68% a month ago and more than 79% a year ago when companies were front-loading goods due to looming U.S. tariffs. The trade deficit for February was at C$5.74 billion ($4.12 billion), following an upwardly revised C$4.18 billion in the prior month, Statistics Canada said. Analysts polled by Reuters had forecast a deficit of C$2.25 ... (full story)
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In February, Canada's merchandise trade activity increased sharply, with imports rising 8.4% and exports increasing 6.4%. As a result, Canada's merchandise trade deficit with the world widened from $4.2 billion in January to $5.7 billion in February, the largest deficit since August 2025. Exchanges of gold were influential in the merchandise trade results ...
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $57.3 billion in February, up $2.7 billion from $54.7 billion in January, revised. February exports were $314.8 billion, $12.6 billion more than January exports. February imports were $372.1 billion, $15.2 billion more than January ...
