imports and exports

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…