Canada’s merchandise trade deficit widened to -$5.9 billion in June 2025 (from -$5.5 billion in May), as imports rose +1.4% MoM and exports increased +0.9% MoM.

• Imports were driven by a one-time +27.7% MoM jump in industrial machinery; excluding this, imports fell -1.9%.
• Motor vehicle and parts imports rose +2.9% MoM, while consumer goods fell -4.8% and metal products declined -7.8%.
• Exports were led by energy products (+3.8% MoM) and farm/fishing products (+6.7%), while metal exports fell -3.4% and autos dropped -4.2%.
• Exports to the U.S. rose +3.1% MoM but remain -12.5% YoY; trade surplus with the U.S. widened to $3.9 billion.
• Q2 2025 exports fell -12.8% QoQ (after a record Q1), while imports declined -3.9% QoQ; the quarterly trade deficit widened to a record -$19.0 billion.