Apr 4, 2026
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.
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