Canada trade deficit narrows as US export share hits record low
Canada's trade deficit shrank to C$1.31 billion in December as non-U.S. exports hit record highs. The share of exports to the U.S. fell to a historic low.
Statistics Canada reported on February 19, 2026, that the merchandise trade deficit for Canada 
CA narrowed to C$1.31 billion in December. Total exports for the month rose to C$65.63 billion, marking a significant period for the nation's trade balance. This development comes as the share of exports destined for the United States 
US fell to its lowest level on record, with the exception of two months during the COVID-19 pandemic.
CA narrowed to C$1.31 billion in December. Total exports for the month rose to C$65.63 billion, marking a significant period for the nation's trade balance. This development comes as the share of exports destined for the United States US fell to its lowest level on record, with the exception of two months during the COVID-19 pandemic.
