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Tag Archives: Recession in Canada

Canadian Trade Plummets Amid Global Shutdowns: April Losses Set New Record

Containers being loaded onto truck at port.

BLOOMBERG, JUNE 4, 2020 By Shelly Hagan for Bloomberg – Canadian exports and imports plunged by the most ever in April amid a shutdown of global trade. Shipments of goods abroad plunged 30% during the month, more than offsetting a 25% drop in imports. The nation’s trade deficit widened to C$3.3 billion ($2.4 billion), from C$1.5 billion in March, Statistics Canada …

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