Canada trade shifts away from US amid trade tensions

The March trade figures for Canada showed a decline in trade with the United States, but exports to other countries helped offset the loss. Data revealed that while Canadian exports to the U.S. dropped by 6.6%, total overseas shipments surged by nearly 25%, driven by increased demand for gold, pharmaceuticals, and various goods. Meanwhile, imports of key products like cars, aluminum, and steel rose due to U.S.-imposed tariffs. Prime Minister Mark Carney’s recent meeting with Donald Trump in Washington D.C. added context to the release, as strained trade ties are central to their discussions.