US Edition
Canada's merchandise trade deficit narrowed to $5.9B in May, but impacts of trade war continue
- Statistics Canada reports Canada’s merchandise trade deficit narrowed to $5.9 billion in May, down from April’s record high, driven by higher gold exports.
- A 30.1% surge in unwrought gold exports, mainly to the UK, contributed to the May trade deficit narrowing to $5.9 billion amid falling imports, according to Statistics Canada.
- Statistics Canada reports May exports increased 1.1% to $60.8 billion, driven by a 30.1% surge in gold exports to the UK, while imports declined 1.6% for the third month.
- Canada’s trade deficit with non-U.S. partners narrowed to $9.1 billion in May as exports to the U.S. fell 0.9%, reflecting ongoing trade tensions and tariffs.
- Prime Minister Mark Carney seeks to secure tariff relief by July 21 through negotiations with the United States, aiming to ease trade tensions amid ongoing disputes.
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Canada's Trade Deficit in May Narrows, Exports to the U.S ...
·New York, United States
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Statistics Canada Says Merchandise Trade Deficit $5.9 Billion in May
Statistics Canada says the country’s merchandise trade deficit narrowed to $5.9 billion in May as gold exports climbed higher. The result compares with the record trade deficit of $7.6 billion seen in April. Exports were up 1.1 percent in May at $60.8 billion as exports of metal and non-metallic mineral products increased 15.1 percent in May. Driving the change was a 30.1 percent increase in exports of unwrought gold, silver and platinum group m…
·New York, United States
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Canada’s trade deficit in May narrows, exports to U.S. drop
Canada’s trade deficit in May met expectations and narrowed after a record breaking deficit in April, data showed on Thursday, as total exports rose and imports fell even as the impact of the U.S. tariffs dented shipments south of the border.
·Canada
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Total News Sources40
Leaning Left12Leaning Right4Center7Last UpdatedBias Distribution52% Left
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52% Left
L 52%
C 30%
R 17%
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