Canada’s trade deficit deepened in February 2026, with the trade balance slipping to -C$5.74 billion, compared with a revised deficit of -C$4.18 billion recorded in January 2026.
The latest figures, updated on 2 April 2026, indicate a further weakening in Canada’s external trade position over the month. While detailed drivers behind the widening gap are not provided, the larger deficit suggests that the value of imports continued to outpace exports more sharply than at the start of the year.
The February data will likely draw close scrutiny from policymakers, investors, and businesses tracking Canada’s exposure to global demand shifts, currency moves, and commodity price trends, as the country moves further into 2026 with a deteriorating trade balance backdrop.
