Canada marks record high trade deficit in April, Statistics Canada reports / Global
Thursday, June 5, 2025, 9:21 am
Canadian trade data reveal an all‐time record deficit in April as exports fall short amid significant U.S. tariff pressures and shifting international demand. Policymakers and economists are closely examining the figures for insights into trade imbalances and the need for a recalibrated economic strategy.
Combien de temps tiendront ces nouveaux tarifs imposés en toute violation des lois?
A senior official at the Bank of Canada says businesses are reporting feeling somewhat less concerned about tariff impacts and the 'worst-case tariff scenario' was less likely.
A 'thicker' border means less incentive to invest on the Canadian side, with major consequence for Canada’s economy
The Canadian Steel Producers Association and union group leaders are meeting with the federal government in Ottawa on Thursday to discuss the latest tariff escalation by the U.S.
There are fresh concerns that the price of a new car could go up following the latest round of U.S.-imposed tariffs that are raising the levies on aluminum and steel from 25 per cent to 50 per cent. President and CEO of the New Car Dealers Association of BC Blair Qualey tells 1130 NewsRadio that […]
Statistics Canada reports the trade deficit in April hit a record high at $7.1 billion, following a $2.3 billion reading in March amid U.S. tariffs and a drop in exports.
Goods going to United States dropped by almost 16%
Le déficit s’est élevé à 7,1 milliards de dollars.
Canadian steel companies and union workers are meeting with members of Parliament today with the hopes of convincing Ottawa to punch back at US President Donald Trump's tariff hike.
Canadian exports to the rest of the world rose, but could not compensate for the drop in U.S. exports due to tariff disruption
OTTAWA — Canada 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. Statistics Canada said Thursday the result for April followed a deficit of $2.3 billion in March. Overall exports fell 10.8 per cent in April to $60.4…
permalink / 11 stories from sources in 27 hours ago #economy #trade #tariffs #canada
More Top Stories...
May employment report shows higher-than-expected unemployment levels
Statistics Canada’s May figures reveal an unexpected rise in the unemployment rate to 7%, despite the addition of 8,800 jobs. The data, marking the highest jobless rate outside pandemic times since 2016, leaves economists raising eyebrows at the paradox of job gains paired with growing unemployment. More...
Liberals Advance Bill to Dismantle Internal Trade Barriers
The Liberal government is on the brink of introducing landmark legislation aimed at tearing down national internal trade barriers and boosting labour mobility. Critics might say it’s a lofty promise, yet ministers insist the move will reinvigorate Canada’s economy and spark a more dynamic domestic market. More...
Poll reveals waning Canadian confidence in US trade ties
A recent poll indicates a significant drop in Canadian confidence regarding the future of trade relations with the United States. Heightened by contentious court rulings and legal disputes over tariffs, citizens now question whether these developments will ultimately jeopardize the long-established economic partnership between the two nations. More...
Canada, China Agree to Regularize High-Level Communications
In an effort to ease trade tensions, Canadian and Chinese leaders have agreed to establish regular channels of dialogue. Discussions between Prime Minister Mark Carney and Chinese Premier Li Qiang follow contentious tariff disputes affecting Canadian agriculture and seafood exports. Officials are optimistic that improved communication will lead to smoother bilateral negotiations. More...
Federal delays ignite concerns over nation's disaster readiness
Amid one of Canada’s worst wildfire seasons, ongoing talks about establishing a national disaster agency have yet to yield concrete action. Despite mounting calls for a coordinated emergency response, federal discussions remain stalled over issues of structure and funding, leaving citizens worried about the country's preparedness for future calamities. More...
Related Tags
Economy
May employment report shows higher-than-expected unemployment levels (4 hours ago)
Poll reveals waning Canadian confidence in US trade ties (7 hours ago)
Alberta ditches controversial beer tax hike for local breweries (21 hours ago)
Trade
Liberals Advance Bill to Dismantle Internal Trade Barriers (6 hours ago)
Poll reveals waning Canadian confidence in US trade ties (7 hours ago)
Loblaw delists Folgers amid pricing dispute with manufacturer (22 hours ago)
Tariffs
Tariff Hikes on Canadian Steel and Aluminum Spark Industry Fears (2 days ago)
Trump doubles steel and aluminum tariffs ahead of deadline (2 days ago)
Trade War Tensions: OECD Revises Global Growth Forecast (2 days ago)
Canada
Scarborough house fire results in one fatality amid emergency response (0 hours ago)
Guelph school drop‐off dispute erupts in a headbutt clash (1 hour ago)
Calgary police shooting leaves man hospitalized amid investigation (2 hours ago)