Key takeaways – Canada remains heavily dependent on the US for its imports: The top Canadian imports from the US continue to be energy, vehicles, parts, and industrial goods. Diversification is in the works: Canada’s global import growth indicates early movement to alternative sourcing markets. Auto supply chains remain vulnerable: US vehicle parts, accessories up 63.3% in Q2 The boom in digital imports: US digital processing units more than doubled to 135.2 percent. U.S. imports that declined included motor vehicles (-20.7 percent) and gold waste and scrap (-27.1 percent). Canada’s imports of light oils from the world soared 66.54%, as global sourcing gains momentum. Trade data shows early changes: HS-code-level data can identify sourcing changes before tariffs have fully reshaped
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