Canada’s merchandise trade deficit widened in June to C$5.9 billion as imports grew faster than exports due to a one-time high-value oil equipment import. The deficit observed in June is the second highest on record after the deficit expanded to its largest in history in April to C$7.6 billion, when the impact of US tariffs first started to weigh. Canada’s exports to the US as a share of total exports shrank to 70% in June from 83% in the same period a year ago while its surplus with the US contracted by a half in the same period, data showed. Total imports were up 1.4% in June to C$67.6 billion from a drop of 1.6% in the prior month, Statistics Canada said. Canada’s total exports grew 0.9% in June to C$61.74 billion following an increase of 2% in May, led primarily by an increase in crude oil exports.