Canada trade gap shrinks as exports to United States hit record low

Canada's trade deficit reduced in December. Exports to countries other than the United States reached an all-time high. This indicates Canada is lessening its reliance on the U.S. economy. Total exports saw an increase, driven by gold and metal prices. Imports from the U.S. rose faster, narrowing the trade surplus with its southern neighbor. Canada's trade with non-U.S.