Statistics Canada says the country posted its largest merchandise trade deficit on record in April at $7.1 billion as exports fell sharply in the face of U.S. tariffs.
The agency says the result for April followed a deficit of $2.3 billion in March.
Overall exports fell 10.8 percent in April to $60.4 billion, their lowest level since June 2023, as exports of motor vehicles and parts dropped 17.4 percent.
Exports of consumer goods also fell 15.4 percent, while exports of energy products dropped 7.9 percent.
Total imports fell 3.5 percent in April to $67.6 billion as imports of motor vehicles and parts lost 17.7 percent and industrial machinery, equipment and parts dropped 9.5 percent.
In real or volume terms, total exports fell 9.1 percent in April, while imports fell 2.9 percent in April.
