Trade Deficit

• Canada posted a trade deficit of $2.2B in November, says StatCan

  Canada posted a merchandise trade deficit of $2.2 billion for November as exports of gold as well as motor vehicles and parts fell in the month, Statistics Canada said Thursday.

  Economy

  Jan 29
  
• Canada increased imports from the U.S. in October, StatCan says

  Canadian imports to the United States increased in October as the overall balance of trade moved from a surplus in September to a slight deficit.

  Economy

  Jan 8
  
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• Canada’s exports to the U.S. fell again in May as trade war continues

  New data from Statistics Canada shows Canada's trade deficit narrowed in May as exports to the United States fell for the fourth straight month.

  Economy

  Jul 3, 2025
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• Carney says record trade deficit shows his plan is the ‘right strategy’

  Statistics Canada reports the trade deficit in April hit a record high at $7.1 billion, following a $2.3 billion reading in March, amid U.S. tariffs and a drop in exports.

  Economy

  Jun 5, 2025
• U.S.-Canada trade deficit is highest in 20 years. Does it justify tariffs?

  Canada typically sells more goods and services to the United States than it buys, an issue — or non-issue, according to economists — that dates back decades.

  Economy

  Jan 28, 2025
• Canada’s trade deficit shrinks to $4.2B in January amid oil price rebound

  Higher energy prices helped exports rise faster than imports, but economists has expected the trade deficit to narrow further.

  Money

  Mar 27, 2019
• Donald Trump claims, again, U.S. has trade deficit with Canada — after admitting he made it up

  The U.S. president tweeted that Prime Minister Justin Trudeau is a "very good guy," but he doesn't like admitting Canada's surplus.

  Politics

  Mar 15, 2018
• Reality check: No, the U.S. doesn’t have a $17B trade deficit with Canada

  Trump's numbers differ from numbers provided by Statistics Canada, and the Office of the United States Trade Representative – both say the U.S. has a trade surplus with Canada.

  Canada

  Dec 5, 2017
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• Energy propels Canadian exports to record high in March

  Canadian exports rose to a record high in March, boosted by a 7% increase in energy exports.

  Canada

  May 4, 2017
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• Canada’s trade deficit is widening, but expert says there’s more to the picture

  Canada is importing more than it is exporting, and the gap between the two hit an all-time high in June. But what does that mean for the average Canadian?

  Canada

  Aug 9, 2016