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Canada's Trade Deficit Shrinks Amid Rising U.S. Exports

9/4/2025

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Summary

Story summary

Canada's trade deficit decreased to $4.9 billion in July from $6 billion in June, aided by a 5% rise in U.S. exports and a 2.2% decline in imports.
Energy and vehicle exports saw significant growth, contributing to three consecutive months of rising overall exports.
Ongoing U.S. tariffs, especially on steel and aluminum, continue to create uncertainty.

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Story summary

Canada's trade deficit decreased to $4.9 billion in July from $6 billion in June, aided by a 5% rise in U.S. exports and a 2.2% decline in imports.
Energy and vehicle exports saw significant growth, contributing to three consecutive months of rising overall exports.
Ongoing U.S. tariffs, especially on steel and aluminum, continue to create uncertainty.