Statistics Canada reports $506M merchandise trade deficit for March

Statistics Canada Reports $506M Merchandise Trade Deficit for March

Canada posted a merchandise trade deficit of $506 million in March as exports to the U.S. fell with the implementation of new tariffs, but shipments to other countries climbed. Statistics Canada says the result compared with a deficit of $1.4 billion in February. Overall exports edged down 0.2 percent to $69.9 billion in March as exports to the U.S. fell 6.6 percent, but exports to countries other than the U.S. rose 24.8 percent. Imports fell 1.…

Canada's trade deficit narrows to $506M in March, driven by slump in U.S. imports

Canada's trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday.

Canada’s trade deficit narrows more than expected in March as imports fall

Imports of goods dropped 1.5% in March driven by a 2.9% slump in imports from the U.S. after Canada imposed retaliatory tariffs

Statistics Canada reports $506M merchandise trade deficit for March

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The latest data from Statistics Canada shows that Canada's merchandise trade deficit in March was $506 million, down from $1.4 billion in February, as exports to the United States fell after the implementation of new tariffs, but exports to other countries increased. In March, overall exports fell slightly by 0.2% to $69.9 billion, with exports to the United States falling by 6.6%, but exports to countries other than the United States increased …

The Daily — Canadian international merchandise trade, March 2025

In March, Canada's merchandise exports decreased 0.2%, while imports were down 1.5%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.4 billion in February to $506 million in March.