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Canada's trade deficit grew to $3.6 billion in January 2026, mainly due to a sharp drop in auto exports.
Canada's merchandise trade deficit widened to $3.6 billion in January 2026, driven by a 4.7% drop in exports, the largest monthly decline since April 2025.
A sharp 21.2% fall in motor vehicle and parts exports—down to $5.4 billion, the lowest since September 2021—was the primary factor, largely due to seasonal production stoppages for model changes.
Passenger car and light truck exports dropped 32.5%.
While imports declined slightly, the export shortfall widened the deficit, with overall trade activity weakening across sectors.
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El déficit comercial de Canadá creció a $3.6 mil millones en enero de 2026, principalmente debido a una fuerte caída en las exportaciones de automóviles.