"It's probably going to be a rough July and a rough summer," she said in a phone interview.
Canada's trade deficit with countries other than the United States, its biggest trading partner, widened to an all-time high as month-over-month exports declined 5.5%, while imports were down marginally.
The overall trade deficit matched the C$3.73 billion shortfall in October 2020.
The Canadian dollar traded slightly higher at C$1.3477 to the U.S. dollar, or 74.20 U.S. cents, up from C$1.3498 to the U.S. dollar, or 74.09 U.S. cents.
By volume, imports were up 0.9%.
Persons:
Chris Helgren, Statscan, Meena Aier, It's, Olivia Cross, Cross, Ismail Shakil, David Ljunggren, Bernadette Baum, Jonathan Oatis
Organizations:
Port, REUTERS, OTTAWA, Statistics, Export Development, Capital Economics, Canadian, U.S ., Thomson
Locations:
Port of Vancouver , British Columbia, Canada, Statistics Canada, United States, of Nova Scotia, Ottawa