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.

Canada’s current account deficit hits record C$21.16 billion in Q2

Canada’s external accounts swung to a new low in the second quarter as sales to the United States shrank during the trade fight, pushing the country’s current account shortfall to a record. Statistics Canada said Thursday the deficit widened to C$21.16 billion ($15.4 billion) in the April–June period. That is the biggest gap since at […]