National

Canada-U.S. trade down almost $2 billion since early 2024

Darpan News Desk The Canadian Press, 05 Aug, 2026 09:47 AM

The value of Canada's trade with the U.S. dropped by almost $2 billion between the first quarter of 2024 and the first three months of 2026.

Rachael Dolan, a spokesperson for Global Affairs Canada, says total trade in goods and services with the U.S. was 0.6 per cent, or $1.9 billion, lower in the first quarter of 2026 than in the same period of 2024.

Total Canada-U.S. trade in goods and services in the first three months of 2026 hit $322.8 billion, which includes $169.6 billion in exports and $153.1 billion in imports.

While Canadian exports to the U.S. declined by 1.6 per cent, or $2.8 billion, imports during that quarter increased by 0.6 per cent, or $935 million.

Dolan says precious stones and metals saw the largest percentage increase in total bilateral trade between the two years, rising by $2.8 billion, while the largest decline was in motor vehicles and parts, which fell by 18.9 per cent, or $6.7 billion.

The U.S. is ramping up pressure on Canada ahead of formal talks on CUSMA, the Canada-U.S.-Mexico agreement on trade, and U.S. President Donald Trump has also threatened to slap new tariffs on Canadian goods.

Picture Courtesy: THE CANADIAN PRESS/Adrian Wyld

Prev Next

MORE National ARTICLES

A Piece of Home: What Canada Day Means to Immigrant Families

Every Canada Day, I watch my parents the way you watch someone holding two things in their hands at once. There is pride—real, hard-won pride in the country that became their home. And there is something quieter underneath it, a tenderness that surfaces in an old song, a familiar dish, a story that begins with “back home.” I grew up in the space between those two feelings. I am not an immigrant, but I am the child of immigrants, and that inheritance has shaped how I understand this country and this day.

A Piece of Home: What Canada Day Means to Immigrant Families

DARPAN 10 with Hon. Kerry-Lynne D. Findlay, Leader, Conservative Party of BC

The number one factor driving increased crime in British Columbia is the illegal drug trade and the foreign gangs that perpetuate it. We must regain control of our ports and shut down the illicit drug trade, human trafficking, and lawlessness that have been allowed to flourish under the NDP, who care more about the rights of criminals than they do about the rights of their victims.

DARPAN 10 with Hon. Kerry-Lynne D. Findlay, Leader, Conservative Party of BC

Carney defends environmental record as wildfires blaze in Ontario

Prime Minister Mark Carney is defending his government’s approach to the environment as parts of the country grapple with wildfires.

Carney defends environmental record as wildfires blaze in Ontario

Carney says U.S. will split 'modest' Gordie Howe bridge net revenues after debt paid

Prime Minister Mark Carney says Canada and the U.S. will split "modest" net revenues from the Gordie Howe International Bridge only after debts and operational costs are paid.

Carney says U.S. will split 'modest' Gordie Howe bridge net revenues after debt paid

Gujarat: 53 medical cases reported during 149th Rath Yatra

Emergency medical teams had responded to 53 incidents during Ahmedabad's 149th Jagannath Rath Yatra as of Thursday evening, with fainting continuing to account for the highest number of medical emergencies reported along the procession route.