Canada deficit surges by nearly $20 billion to all-time high of $21.16 billion in Q2

Canada’s trade imbalance blew wide open in the second quarter of 2025, ballooning by C$19. 84 billion to hit a record C$21. 16 billion, according to Statistics Canada. That’s the largest current account deficit ever recorded. The plunge came as goods exports collapsed and foreign capital rushed out. The current account includes trade, cross-border services, investment income, […] source: https://www.cryptopolitan.com/canada-deficit-surges-by-nearly-20-billion/