The share of exports to the US in total Canadian exports fell to its lowest level since at least 1997, while the share of exports to other countries reached a new high. Data released by Statistics Canada on Thursday showed that as US tariffs weighed on imports and exports between Canada and the US, export growth to other countries helped reduce the country's trade deficit to 5.9 billion Canadian dollars in May. The narrowing of the trade deficit is in line with median predictions from surveys conducted by economists. The data showed that the share of exports to the US fell to 68.3% in May.

The share of exports to the US in total Canadian exports fell to its lowest level since at least 1997, while the share of exports to other countries reached a new high. Data released by Statistics Canada on Thursday showed that as US tariffs weighed on imports and exports between Canada and the US, export growth to other countries helped reduce the country's trade deficit to 5.9 billion Canadian dollars in May. The narrowing of the trade deficit is in line with median predictions from surveys conducted by economists. The data showed that the share of exports to the US fell to 68.3% in May.