Trade deficit rises as exports decline sharply
pre-market1 source ↓written by the desknot a recommendation
- in exports
- 11% mom decline
- Imports fell
- 4% mom
- oil imports
- 15% mom
- FY27E CAD/GDP
- 1.7%
Goods trade deficit hit an eight-month high of ~$30bn in Jun-26, up from ~$28bn in May-26, driven by an 11% mom decline in exports. Imports fell 4% mom, with oil imports down 15% mom. Emkay Global projects FY27E CAD/GDP at 1.7%, assuming average Brent at $90/bbl, indicating potential market volatility ahead.
Not investment advice. For informational purposes only.