FX.co ★ Canadian Exports Drop

In February 2025, Canada's total exports saw a 5.5% decline, amounting to CAD 70.1 billion. Despite this drop, it remains the second-highest figure since May 2022. Significant reductions were noted across 10 out of 11 product categories, with energy products falling by 6.3%, motor vehicles and parts decreasing by 8.8%, and metal and non-metallic mineral products dropping by 6.6%. Additionally, exports of forestry products, along with building and packaging materials, fell by 10.8%. Exports to the United States decreased by 3.6%, which equates to a $2.1 billion reduction following three months of growth and a record high in January. Meanwhile, exports to nations other than the U.S. plummeted by 12.4%, a decline of $2.0 billion. This downturn was mainly due to reduced shipments to the UK and Germany, particularly in unwrought gold and various goods, respectively, though this was somewhat mitigated by increased exports to South Korea.