Trade deficit rises as exports decline sharply
after close1 source ↓written by the desknot a recommendation
- driven
- 11% decline in exports
- Imports fell
- 4%
- and exports
- 15%
- and exports
- 42%
- FY27E CAD/GDP
- 1.7%
The goods trade deficit hit an eight-month high of ~$30 billion in Jun-26, up from ~$28 billion in May-26, driven by an 11% decline in exports. Imports fell by 4%, with oil imports down 15% and exports down 42%. Emkay Global forecasts FY27E CAD/GDP at 1.7%, assuming average Brent at $90/bbl, with potential for volatility in oil prices ahead.
• Exports rose 16% YoY in Q1 FY27
• Imports increased 20% YoY in the same period
• Net services exports dropped to $15.1 billion in Jun-26
Not investment advice. For informational purposes only.