Statistics Canada reported today that Canada’s commodity trade deficit slightly widened to C$5.9 billion in June.
Imported goods rose 1.4%, mainly due to the one-time high-value transport of industrial machinery for offshore oil projects. The agency said imports will decline in addition to delivery.
Export volume increased by 0.9%, but volume decreased by 0.4%, with weaker cars and metals on overall performance. Passenger car exports have declined for the third consecutive month, while untrained aluminum and steel transport has also declined.
These declines coincide with new tariffs on Canadian metals and ongoing slowdown in automobile production.
Product export and import
Trade tensions to us and global exports
Canada’s trade surplus with the United States grew to 3.9 billion CAD in June, up from $3.6 billion the previous month. However, U.S. exports to the U.S. are still 12.5% lower than the same period last year, with lower cargoes under U.S. tariffs and weaker cars and metals.
Exports to non-US destinations fell by 4.1%, with lower cargo in the UK and Japan. The second quarter data showed that total exports fell nearly 13% in the first quarter, marking the biggest quarterly decline since the pandemic recovered.
The latest data is amid escalating trade tensions with the United States, including a new round of tariffs that will take effect on August 1. Ottawa expressed disappointment at the measures and said it planned to negotiate further.
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Last modified: August 5, 2025
