Exports from the country during May 2025 grew by 17.43 per cent, whereas imports into the country decreased by 7.58 per cent compared to the previous month (April) of the financial year 2024-25. The trade deficit stood at $2.619 billion in May 2025, down 23.47 per cent from the previous month, according to the latest […]

The latest data on imports and exports paints a picture of a trade rebalancing rather than a trade war. | Economy

Statistics Canada says the country posted its largest merchandise trade deficit on record in April at $7.1 billion.

Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion.