Canada’s merchandise exports fell by three per cent in August to a seasonally adjusted $60.5 billion. This was the second lowest month of the year after April as sales to the U.S. retreated. Imports rose by 0.9 per cent to a seasonally adjusted $66.9 billion during the month. Consequently, the trade deficit grew to $6.3 billion, down from a revised $3.8 billion in July.

Province data, though unadjusted for seasonality, showed that B.C. saw lower merchandise exports in August compared to July. With revisions, exports declined 9.1 per cent to just under $4.2 billion. The decline was led by a 21.2 per cent drop in forestry products and a 12.5 per cent decline in energy products. The steep decline in forestry products in August 2025 followed the increase of anti-dumping and countervailing duty rates on Canadian softwood lumber that took effect in the U.S. in........

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