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flag Canada's trade deficit hit $5.9 billion in June, driven by rising imports and sluggish exports.

flag Canada's merchandise trade deficit widened to $5.9 billion in June, the second highest on record, as imports grew faster than exports. flag Despite a 3.1% increase in exports to the US, they were still down 12.5% year-over-year. flag Canada's trade surplus with the US expanded to $3.9 billion, as imports rose less than exports. flag However, the overall trade deficit with the world widened due to increased imports, mainly from a high-value oil equipment shipment. flag The first half of 2025 saw volatile trade figures due to fluctuating US tariffs, with a record quarterly merchandise trade deficit of $19 billion in the second quarter.

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