Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.

TORONTO — Canada is dropping many of its retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday. Carney said Canada will include the carve-out ...

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3793, down 0.19% on the day. We could see stronger movement from the Canadian dollar later in the day, as Canada and the US release the August employment reports.

Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact TORONTO — Canada is dropping many of its retaliatory tariffs to match U.S. tariff exemptions for goods covered under ...

Canada's economy experienced a contraction of 1.6% in the second quarter, marking the first GDP decline in seven quarters. This downturn was largely attributed to a sharp 7.5% fall in exports, significantly impacted by tariffs imposed by the US.

Canada's GDP for June was a disappointment, declining 0.1% m/m in June. This was unchanged from May and missed the market estimate of 0.1%. The decline was driven by decreased activity in manufacturing, as US tariffs made themselves felt in the Canadian economy.

Canadian tariffs on U.S. autos, steel and aluminum will remain for now, Carney said, describing the move as matching U.S. tariffs on Canada.