Statistics Canada was scheduled to release trade balance data today but the report was delayed because of the inability to properly compile the US cross-border numbers.
Statistics Canada sources its data on Canada’s exports to the United States from the United States Census Bureau, which isn’t operating. It also relies on US data on trade in services. In turn, the lack of trade data could be a big problem for GDP data, which is due November 27/28.
If the September 2025 international merchandise trade data are
unavailable when these statistics are compiled for the third quarter
of 2025, Statistics Canada will produce special estimates of Canadian
exports to the United States for that month, relying in part on modelled
data.
Even if the US government returns, it will take awhile to get the data compiled so we’re probably already cutting it close on that GDP estimate.
The good news is that Axios reported late yesterday that some Republicans and Democrats were working on a re-opening compromise.








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