Canada’s trade growth remained anemic in September, with exports increasing by just 0.3%, with imports falling for the first time since January. Exports to the U.S. were unchanged, while imports from the U.S. actually increased by 1%. The auto industry was the main culprit, with exports of completed vehicles having dropped by 26%. That’s surprising given U.S. auto sales remain robust, and suggests a marked loss of market share to Asian manufacturers. This data won’t help smooth the path at NAFTA talks. The U.S. remains fixated on its trade deficit with Canada and Mexico. However, strippi...
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