In May, Canada's merchandise trade deficit widened to C$1.9bn, marking the lowest export level since July 2021.
Canada's merchandise trade deficit widened to C$1.9 billion in May, according to Statistics Canada, marking the lowest export level since July 2021. Exports fell 2.6% in comparison to April, which had a revised trade deficit of C$1.3 billion. This is a significant decline from the initial reading of a C$1.0 billion deficit for May. The reduced exports and widened deficit indicate a decline in Canada's international trade performance during this period.
July 03, 2024
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