Statistics Canada reports $506M merchandise trade deficit for March
Statistics Canada says the result compared with a deficit of $1.4 billion in February.
Overall exports edged down 0.2 per cent to $69.9 billion in March as exports to the U.S. fell 6.6 per cent, but exports to countries other than the U.S. rose 24.8 per cent. A Helijet helicopter preparing to land at the harbour passes by cranes used to load and unload container ships at the DP World marine terminal at Port Metro Vancouver, in Vancouver, B.C., on Friday March 16, 2018. THE CANADIAN PRESS/Darryl Dyck
Imports fell 1.5 per cent to $70.4 billion as imports of metal and non-metallic mineral products dropped 15.8 per cent and energy products lost 18.8 per cent.
Canada's merchandise trade surplus with the U.S. was $8.4 billion in March compared with $10.8 billion in February, while the country's trade deficit with countries other than the U.S. was $9 billion in March compared with $12.2 billion in February.
Winnipeg Free Press | Newsletter
In volume terms, total exports rose 1.8 per cent in March, while imports ticked down 0.1 per cent.
This report by The Canadian Press was first published May 6, 2025.
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