US EditionCanada's merchandise trade deficit narrowed to $5.9B in May, but impacts of trade war continue
- Statistics Canada reported that Canada’s merchandise trade deficit narrowed to $5.9 billion in May, down from April’s record high, driven by a surge in gold exports and declining imports.
- Canada’s May trade deficit narrowed to $5.9 billion, driven by a 30.1% surge in unwrought gold exports mainly to the UK, amid falling imports of 1.6%.
- Statistics Canada reports May's merchandise exports rose 1.1% to $60.8 billion, while imports fell 1.6% to $66.7 billion, marking a third consecutive month of decline.
- Canada's trade deficit with non-US countries narrowed to $9.1 billion in May, while exports to the U.S. declined 0.9%, reflecting ongoing trade tensions, according to Statistics Canada.
- Canada's Prime Minister Mark Carney plans trade talks with the U.S. to secure tariff relief by July 21, amid ongoing trade tensions and efforts to improve exports outside the U.S.
Insights by Ground AI
Does this summary seem wrong?
42 Articles
42 Articles
All
Left
12
Center
7
Right
4
Canada's Trade Deficit in May Narrows, Exports to the U.S ...
·New York, United States
Read Full Article
Statistics Canada Says Merchandise Trade Deficit $5.9 Billion in May
Statistics Canada says the country’s merchandise trade deficit narrowed to $5.9 billion in May as gold exports climbed higher. The result compares with the record trade deficit of $7.6 billion seen in April. Exports were up 1.1 percent in May at $60.8 billion as exports of metal and non-metallic mineral products increased 15.1 percent in May. Driving the change was a 30.1 percent increase in exports of unwrought gold, silver and platinum group m…
·New York, United States
Read Full Article
Canada’s trade deficit in May narrows, exports to U.S. drop
Canada’s trade deficit in May met expectations and narrowed after a record breaking deficit in April, data showed on Thursday, as total exports rose and imports fell even as the impact of the U.S. tariffs dented shipments south of the border.
·Canada
Read Full ArticleCoverage Details
Total News Sources42
Leaning Left12Leaning Right4Center7Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 30%
R 17%
Factuality
To view factuality data please Upgrade to Premium
