US Edition
Canada's trade deficit in July narrows as exports to the US rise
Canada's merchandise exports rose 0.9% to $61.9 billion in July, narrowing the trade deficit to $4.94 billion amid less severe auto plant stoppages and U.S. tariffs effects.
- In July 2025, Statistics Canada reported that the country’s trade gap in goods decreased to $4.9 billion, driven by a rise in exports alongside a reduction in imports.
- This improvement followed months of disruption caused by U.S. President Donald Trump's tariffs on Canadian aluminum, steel, and other exports, which forced supply chain adjustments.
- Total exports rose 0.9% to $61.9 billion, led by a 5% increase in shipments to the U.S., including energy products up 4.2% and motor vehicles and parts up 6.6%, while imports fell 0.7% due to reduced machinery and equipment purchases.
- Economist Andrew Grantham noted that net trade is expected to contribute positively to GDP growth in the third quarter, but cautioned that challenges resulting from this year’s tariff disruptions have yet to be fully resolved.
- The deficit narrowing indicates a slow rebound for Canadian exporters, yet export levels remain below pre-tariff trends amid continuing uncertainty in North American trade relations.
26 Articles
26 Articles
Canada's merchandise trade deficit declined to $4.9 billion in July, reflecting an increase in exports and a decline in imports.
Statistics Canada Reports Merchandise Trade Deficit $4.9 Billion in July
Statistics Canada says the country’s merchandise trade deficit narrowed to $4.9 billion in July as exports rose and imports fell. The agency says the result compared with a revised deficit of $6.0 billion in June. The result for July came as exports rose 0.9 percent to $61.9 billion with exports of energy products up 4.2 percent boosted by a 2.3 percent increase in crude oil exports. Exports of motor vehicles and parts increased 6.6 percent in J…
Trade deficit shrinks to $4.9B in July as energy, vehicle exports rise
Canada's trade deficit is shrinking but is still bigger than this time last year, according to new data from Statistics Canada. Overall exports rose by 0.9 per cent, driven by rising vehicle and energy exports.
Statistics Canada reports merchandise trade deficit $4.9 billion in July (Business)
Statistics Canada says the country's merchandise trade deficit narrowed to $4.9 billion in July as exports rose and imports fell. The agency says the result compared with a revised deficit of $6.0 billion in June. The result for July came as exports rose 0.9 per cent to $61.9 billion with exports of...
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