Canada’s goods trade deficit grows amid Trump’s tariffs and a stronger loonie

Canada’s Current Account Deficit Reached Record in June Amid Trade Dispute

Canada’s current account deficit reached an all-time record of $21.2 billion in the second quarter of 2025 amid a trade dispute with the United States, according to data from Statistics Canada. Canada’s current account, which reflects a nation’s international transactions with the global economy, rose by $19.8 billion in the second quarter of 2025, primarily due to an expansion of the country’s goods deficit resulting from declining exports. Goo…

Canada’s goods trade deficit grows amid Trump’s tariffs and a stronger loonie

Canada has recorded a $19.5 billion deficit in goods and services trade, up from just $800 million in the first quarter, Statistics Canada reported Thursday.

Trade War Pushes Canada's Current Account Deficit to Record

Canada’s current account deficit reached the widest on record in the second quarter as the country’s exports to the U.S. dropped because of the trade dispute.

Canada's Current Account Deficit Widens to A Record $21.2 Billion in Q2, Says BMO

Canada's current account deficit widened to a record $21.2 billion, or $84.6 billion a.r., in Q2, following a revised $1.3 billion shortfall, or $5.3 billion a.r., in Q1, said Bank of Montreal ... -August 28, 2025 at 10:07 am EDT MarketScreener

Trade War Pushes Canada’s Current Account Deficit to Record

Canada’s current account deficit reached the widest on record in the second quarter as the country’s exports to the US dropped because of the trade dispute.

Canadian Firms Are Absorbing Tariff Costs, Keeping Lid On Inflation

Canadian Firms Absorb Tariff Costs, Keeping Lid on Inflation Amid U.S. Trade War Ottawa, Canada – August 29, 2025 – As the U.S.-Canada trade war intensifies under President Donald Trump’s tariff regime, Canadian businesses are increasingly shouldering the financial burden of higher import costs rather than passing them on to consumers, helping to contain inflation ... Read more The post Canadian firms are absorbing tariff costs, keeping lid on i…