A freighter is loaded at the DP World Centerm terminal at the port in Vancouver. Goods shipped to China, Mexico, Germany, United Kingdom, South Korea and the Netherlands rose year-over-year in June. Photo by Darryl Dyck/The Canadian Press
Canada’s latest trade numbers indicate that the ongoing dispute with the United States continues to take its toll, with steel, aluminum and automobiles “bearing the brunt.”
Statistics Canada data released Tuesday revealed the trade deficit grew to $5.9 billion in June from a downwardly revised $5.5 billion the month before, as imports outpaced exports, rising 1.4 per cent versus 0.9 per cent.
“Canada’s deficit in goods trade was little changed in June, albeit with plenty of moving pieces in the detail due to U.S. tariff policy ,” Andrew Grantham,