Canada’s trade deficit widened in January as exports of motor vehicles and parts fell to the lowest level in more than four years.
Canadian goods exports decreased by 4.7%, the biggest monthly decline since April 2025, Statistics Canada reported Thursday. That pushed the country’s trade shortfall to C$3.65 billion.
Economists surveyed by Bloomberg were expecting Canada’s trade deficit to shrink to C$1.1 billion in January from C$1.3 billion in December.
The decrease in Canadian exports was driven by a sharp decline in vehicle and parts shipments, which fell by 21% to C$5.4 billion, the lowest level since September 2021.
Exports ...