Canada Sets Record High Exports to US, Fueled by Autos, Parts, and Oil As Companies Navigate Trump Tariffs

Canada’s exports to the US reached a record high in January, driven by shipments of autos, parts, and oil.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Canada's exports to the U.S. reached a record high in January, driven by shipments of auto

00:07parts and oil.

00:09This growth widened the trade surplus, with the U.S. increasing from the previous month.

00:14Data reflects shifts in trade as companies navigate U.S. tariffs.

00:17Canada's economy relies heavily on trade with the U.S., which accounted for the majority

00:21of its imports and exports.

00:23The U.S. trade deficit reached a record high in January, according to the Commerce Department

00:27data.

00:28For more information on the U.S. economy, visit Benzinga.com slash GSTV.