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Trade deficit widens to $6B on smaller US surplus

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Trade deficit widens to $6B on smaller US surplus

February’s $5.7B trade deficit was bigger than expected, growing over last month’s print on the back of a 14% rise in imports from the US - which squeezed our surplus south of the border to the lowest level since 2020. The increase was largely driven by a rebound in motor vehicle activity, which pushed imports up 8% alongside higher gold demand and led the 6% lift in exports - with passenger vehicle and light truck exports up over 40% versus the prior month.

Eli Rodney
Eli Rodney

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Apr 4, 2026

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2 min read

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