"Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday. It's merchandise trade deficit, or deficit from trading goods, in July was at $4.94-billion, smaller than the previous month's $5.98-billion, but much higher than the same period last year, according to Statistics Canada's data...” (Promit Mukherjee, 2025)
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Mukherjee, Promit. (2025, September 4th) Canada's trade deficit narrowed in July to $4.94-billion as exports rose. Available from Reuters: https://www.reuters.com/world/americas/canadas-trade-deficit-july-narrows-exports-us-rise-2025-09-04/