Canada July 2018 trade balance data

  • Smallest deficit since December 2016

  • Prior was -$0.63B (revised to -$0.74B)

  • Exports +0.8% - mainly on higher crude prices

  • Imports -0.4% - mainly on fewer aircraft imports

This chart shows how steel and aluminum exports to the US have reacted to tariffs.

Here are imports of materials subject to tariffs:

Here