Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.

Canadian exports less than 5% of all generic medicines sold in the U.S., but Canada 'could get caught in the crossfire if there are broad-based tariffs'

U.S. imports to Manitoba hit roughly $10.97 billion in January through May — an eight per cent increase from the same time in 2024. Meanwhile, imports from China jumped 6.9 per cent year-over-year, totalling $684 million.

Canada’s share of exports destined for the U.S. shrank to the smallest proportion since at least 1997, excluding the COVID pandemic. Shipments to other countries reached a new high.

Canada’s share of exports destined for the United States shrank to the smallest proportion since at least 1997, excluding the COVID pandemic. Shipments to other countries reached a new high, led by gold exports.