Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.

Canada’s share of exports destined for the US shrank to the smallest proportion since at least 1997, excluding the Covid pandemic, while shipments to other countries reached a new high.

Canada's merchandise trade deficit narrowed to $5.9 billion in May, according to data from Statistics Canada, after hitting a record high in April. Add some “good” to your morning and evening. Your weekly look at what’s happening in the worlds of economics,