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Canada's Trade Deficit Shrinks Amid U.S. Export Surge

1/8/2025

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Summary

Story summary

Canada's merchandise trade deficit decreased to CAD 323 million in November, down from CAD 544 million in October.
Exports grew by 2.2%, led by strong performance in consumer goods and pharmaceuticals; imports rose by 1.8%.
The trade surplus with the U.S. increased to CAD 8.2 billion, fueled by a 6.8% rise in exports.
Potential U.S. tariffs under President-elect Trump raise concerns about future trade relations.

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Story summary

Canada's merchandise trade deficit decreased to CAD 323 million in November, down from CAD 544 million in October.
Exports grew by 2.2%, led by strong performance in consumer goods and pharmaceuticals; imports rose by 1.8%.
The trade surplus with the U.S. increased to CAD 8.2 billion, fueled by a 6.8% rise in exports.
Potential U.S. tariffs under President-elect Trump raise concerns about future trade relations.