FX.co ★ Canadian Imports Decline for 2nd Month

In April 2025, Canada's total imports decreased by 3.5% compared to the previous month, reaching CAD 67.58 billion. This marks the second decline since September 2024. The primary drivers behind this downturn were reductions in the importation of motor vehicles and parts, which dropped by 17.7%, industrial machinery, equipment, and parts, which fell by 9.5%, consumer goods by 4.2%, and electronic and electrical equipment and parts by 5.5%. A significant 10.8% decrease in imports from the United States was noted, following Canada's early April decision to enforce 25% retaliatory tariffs on U.S.-manufactured vehicles. This action was in response to the Trump administration's announced import duties on foreign automobiles and followed the contentious decision in March to impose a 25% tariff on Canadian steel and aluminum.