October 7, 2025
RED FM News Desk
Canada’s merchandise trade deficit significantly widened in August, growing to more than $6 billion, up from a deficit of nearly $4 billion in July.
According to Statistics Canada, the widening gap was driven by a drop in exports coupled with a rise in imports:
Exports fell by three per cent last month, totaling roughly $60 billion.
Imports rose by 0.9 per cent, reaching nearly $67 billion.
The increase in imports was largely boosted by the purchase of metal and non-metallic mineral products, including a substantial volume of unwrought gold.
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