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Canada reports record trade deficit of $7.1 billion in April, largely due to U.S. tariffs.
Canada recorded its largest merchandise trade deficit on record in April at $7.1 billion, due to a significant decline in exports, largely influenced by U.S. tariffs.
Exports fell 10.8% to $60.4 billion, with motor vehicle and parts exports dropping 17.4% and consumer goods exports falling 15.4%.
Imports decreased 3.5% to $67.6 billion.
Canada's trade deficit with countries other than the U.S. reached $10.7 billion in April, up from $9 billion in March.
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Canadá informa un déficit comercial récord de $ 7.1 mil millones en abril, en gran parte debido a los aranceles estadounidenses.