COVID-19 and Canadas’ international trade: The situation is already worse than stated in the July’s Canada’s State of Trade 2020

In its Canada’s State of Trade 2020 published on July 22nd 2020, Global Affairs Canada states that “for the first quarter of 2020, the overall impacts of COVID-19 on Canadian trade were few, with 2 exceptions: exports to China and South Korea dropped 14% and 26%, respectively”. This is true, but unfortunately already outdated. The most recent figures based on customs data on the international merchandise trade of Canada with its main partners is now available for April and May 2020, and the trade situation is alarming, especially with our main partner, the United-States.

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