The respective trade deficits of U.S. and Canada surged to their highest levels on record to close out 2018, according to figures released Wednesday. The trade gap grew because Canada bought more from and sold less to countries that aren't the U.S. If Canada's largest trading partner is stripped out of the numbers, Canada's trade gap looked even wider during the month — $6.4 billion. Canada's trade gap with the U.S., meanwhile, narrowed to $1.8 billion. If services are included, the U.S. trade gap shrank to just over $621 billion for the year.

Source: CBC News March 06, 2019 14:24 UTC