Statistics Canada Reports Merchandise Trade Deficit $4.9 Billion in July

The paddle wheeler Constitution passes the container ship GSL Lydia docked at port, while sailing on the harbour as wildfire smoke hangs in the air, in Vancouver, on Aug. 28, 2025. The Canadian Press/Darryl Dyck

Statistics Canada says the country’s merchandise trade deficit narrowed to $4.9 billion in July as exports rose and imports fell.

The agency says the result compared with a revised deficit of $6.0 billion in June.