Canada trade deficit

29 Jan

Canada trade deficit widens sharply in November as exports slump

Rajeev Sharma0 CommentsCanadaCanada trade deficit, Canadian exports, November trade data, Statistics Canada

Ottawa (Rajeev Sharma): Canada recorded a sharp increase in its monthly international trade deficit in November as merchandise exports fell steeply, led by a significant decline in metal and non-metallic product shipments, data released by Statistics Canada on Thursday showed. The country posted a goods trade deficit of C$2.2 billion (US$1.62 billion) in November, widening sharply from an upwardly revised deficit of C$395 million in October. With the exception of September, when Canada registered a marginal surplus, the trade balance has remained in deficit since February last year, coinciding with uncertainty triggered by tariff threats from U.S. President Donald Trump.…

08 Jan

Canada Posts Narrower Trade Deficit in October as Imports Outpace Exports

Rajeev Sharma0 CommentsCanadaCanada trade deficit, imports and exports, Statistics Canada, U.S.-Canada trade

Ottawa, January 8, 2026: Canada reported a smaller-than-expected trade deficit of C$583 million in October, as imports grew faster than exports, according to official data released by Statistics Canada on Thursday. Analysts had forecast a significantly wider deficit of C$1.36 billion. Data for September were also revised, with the country’s trade balance adjusted to a surplus of C$243 million from an earlier estimate of C$153 million. October marked Canada’s eighth trade deficit in the past nine months of 2025, a year shaped by global trade uncertainty after U.S. President Donald Trump imposed tariffs on several Canadian imports. During the same…