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U.S.-Canada trade deficit is highest in 20 years. Does it justify
The U.S. trade deficit with China in 2023 — US$279.4 billion, according to the U.S. Bureau of Economic Analysis — was more than four times the deficit with Canada last year.
TD Economics - Setting the Record Straight on Canada-U.S. Trade
Jan 21, 2025 · U.S. trade deficit with Canada is the second lowest among trading partners. Chart 5 shows where Canada stacks up against other major countries. The ~US$45 billion shortfall …
Canada Balance of Trade - TRADING ECONOMICS
Canada posted a trade deficit of CAD 0.92 billion in October of 2024, narrowing from the CAD 1.26 billion gap in the previous month but wider than market expectations of a CAD 0.8 billion …
Canada Trade Balance 1961-2025 - Macrotrends
Canada trade balance for 2021 was $0.17B, a 100.47% decline from 2020. Canada trade balance for 2020 was $-36.58B, a 43.1% increase from 2019. External balance on goods and services …
Canada posts nine straight months of trade deficit, surplus with …
Jan 7, 2025 · Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected, as exports rose faster than imports, and its trade surplus with the …
Canadian international merchandise trade, November 2024
Jan 7, 2025 · In November, Canada's merchandise exports increased 2.2% and imports rose 1.8%. As a result, Canada's merchandise trade deficit with the world narrowed from $544 …
Canada's trade surplus with U.S. widens before Trump's return
Jan 7, 2025 · Canada’s trade surplus with the U.S. widened as did its deficit with the rest of the world, underscoring the major role its biggest trading partner and southern neighbour plays in …
What is a deficit, and what is the US trade balance - CNN
Jan 16, 2025 · The US trade deficit widened to a record $945 billion in 2022, narrowed to $785 billion in 2023, ... the US narrowed its deficit with Canada to $274.9 billion from $382.3 billion, ...
Canada-US Trade: Getting Up To Speed | Post - scotiabank.com
5 days ago · In 2023, Canada ran a modest trade deficit of -$13.1 bn CAD. If energy is excluded, Canada ran a trade deficit of -$187 bn CAD in 2023. If energy is excluded, Canada has run a …
Canada's trade deficit narrows in October, surplus with the U.S ...
Dec 5, 2024 · Canada recorded in October a bigger-than-expected trade deficit with the world and its surplus with top trading partner the United States fell to its lowest this year, data showed on …