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Canada's services trade deficit widens to $0.5 billion in May

Imports of services rose 2.0 per cent to $21.2 billion while exports edged up 0.9 per cent to $20.8 billion, Statistics Canada reports.

Red gantry cranes above stacked containers at the Port of Halifax
Library photo Red gantry cranes above stacked containers at the Port of Halifax. Does not depict this event. Quintin Soloviev / CC BY 4.0. Resized; may be cropped for display. Photo source Photo licence

Canada's international trade in services deficit widened to $0.5 billion in May from $0.2 billion in April, Statistics Canada reported July 7. Imports of services increased 2.0 per cent to $21.2 billion, while exports rose 0.9 per cent to $20.8 billion.1

The agency did not state whether the figures were seasonally adjusted, and the release gives no year-earlier comparison for either flow.1

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Sources

  1. Canadian international trade in services, May 2026 · Statistics Canada