Canada Posts Largest Merchandise Trade Deficit on Record at $7.1B in April: StatCan

A BC Ambulance Service helicopter operated by Helijet passes gantry cranes used to load and unload cargo ships at port while preparing to land, in Vancouver, on July 25, 2024. The Canadian Press/Darryl Dyck

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.