Canada trade gap widens to C$5.9 billion in June on one-off US oil equipment import

Canada’s goods trade deficit increased substantially to C$5.9 billion ($4.24 billion) in June, as imports outpaced exports, owing to a one-time, high-value import of oil equipment from the United States. Statistics Canada revealed the figures on Tuesday, revealing the second-largest monthly trade imbalance on record. Only April 2025 witnessed a greater imbalance, with the deficit […]