Canada Trade Balance Turns to Deficit as Threats Grow (Correct)

Canada’s exports to its biggest customer, the US, as well as other countries plunged in February, as threats and implementation of the Trump administration’s tariffs started to redraw global trading flows.

Canada unexpectedly posted a merchandise trade deficit of C$1.5 billion with the world that month, versus a surplus of C$3.1 billion in January and a median estimate of a C$3.5 billion surplus in a Bloomberg survey of economists, Statistics Canada said Thursday.

The country’s trade surplus with the US narrowed to C$10.6 billion in February, from a record C$13.7 billion the previous month. The decline was driven by a ...