US EditionCanada’s Trade Deficit Widened to $5.9-Billion in June, Second Highest on Record
CANADA, AUG 5 – Canada's trade deficit rose to $5.9 billion in June due to a 28% surge in industrial machinery imports and tariffs impacting metals, autos, and energy sectors, Statistics Canada reported.
- On August 5, 2025, Canada’s merchandise trade deficit widened to $5.9 billion in June as imports grew faster than exports, with June being the second-highest on record after April's $7.6-billion gap.
- Imports climbed 1.4% to $67.6 billion in June as U.S. President Donald Trump cranked up tariffs to 35% on goods, including a machinery module for an offshore oil project.
- Statistics Canada reported Canadian exports rose 0.9% to $61.74 billion in June, despite a 0.4% volume decline and a 3.1% increase to the United States.
- At the sector level, metals, autos, and energy face pressure from soft demand and tariffs, with TD economists warning the widening deficit will drag on Q2 growth.
- With non-U.S. markets accounting for about 30% of shipments and USMCA compliance flat at around 60%, Canadian businesses may need to diversify their partnerships.
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Canada's trade deficit increased in June from $5.5 billion the previous month to $5.9 billion.
·Montreal, Canada
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Coverage Details
Total News Sources15
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
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