A sharp rise in imports widens Canada’s trade deficit in February

Statistics Canada announced that Canada’s merchandise trade activity increased sharply in February, with imports rising 8.4% and exports increasing 6.4%. As a result, Canada’s merchandise trade deficit with the world widened from $4.2 billion in January to $5.7 billion in February, the largest deficit since August 2025.

Understanding the United States Surtax Remission Order (2025)

The United States Surtax Remission Order (2025) provides relief from surtaxes applied under the United States Surtax Orders (2025-1), United States Surtax Order (Steel and Aluminum 2025), and United States Surtax Order (Motor Vehicles 2025), subject to specific conditions.

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