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The Honourable Heath MacDonald, Minister of Agriculture and Agri-Food, concluded a 4-day trade and relationship-building trip to Mexico to reinforce Canada’s commitment to strengthen commercial ties and promote Canadian agriculture and agri-food.
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In July, Canada's merchandise exports rose 0.9%, while imports were down 0.7%. As a result, Canada's merchandise trade deficit with the world narrowed from $6.0 billion in June to $4.9 billion in July.
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"Total exports were up 0.9% in July
, the third consecutive monthly increase. Since the sharp decline of 11.2% observed in April, merchandise exports have risen 3.0%. Total exports for the first seven months of 2025 were up 1.0% compared with the same period in 2024. Overall, increases were observed in 7 of the 11 product sections in July 2025. In real (or volume) terms, total exports rose 1.6%.
Following five consecutive monthly declines, exports of energy products (+4.2%) posted the largest increase in July. After falling 1.8% in June, crude oil exports were up 2.3% in July, with both prices and volumes contributing to the increase. Exports of nuclear fuel and other energy products (+49.7%) and coal exports (+28.6%) also contributed to the upswing in exports of energy products in July.
Exports of motor vehicles and parts increased 6.6% in July, a month that is normally marked by temporary closures at automotive assembly plants in Canada for summer holidays. However, because of the production slowdown caused by, among other things, tariffs imposed by the United States, the effects of the seasonal stoppages in July were less severe this year. As a result, a sharp increase in exports of passenger cars and light trucks (+10.8%) on a seasonally adjusted basis was observed in July."