Canada's economic cooperation with China has a long history, spanning energy, environment, healthcare, management systems, education, and investment sectors, always aiming to provide more investment opportunities for companies immigrating to Canada. In addition, China has become Canada's second-largest trading partner after the United States. Recently, investors immigrating to Canada have received good news regarding the Canadian economy, according to the latest trade data from Statistics Canada on the 5th, which indicates that in March this year, the country's trade deficit reached 3 billion Canadian dollars (approximately 2.5 billion US dollars), setting the highest record since March 2010.
Statistics Canada stated that the decline in energy prices offset the increase in exports of non-energy products, including automobiles, thus dragging down the overall performance of March's exports.
Data shows that in March, the export value of energy products was 6.9 billion Canadian dollars (approximately 5.7 billion US dollars), significantly shrinking by 8.9%, with the export of petrochemical energy products plummeting by 29.7%.
