<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 1: Excluding energy, Canada has had a trade deficit with the United States since 2007</label>
    <description><![CDATA[Canada–US trade balance in Can$ billions, annual data

Note: Canada–US trade balance excluding energy uses customs data for energy trade, while Canada–US trade balance uses balance of payments data.

Sources: Statistics Canada via Haver Analytics and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=244345</link>
</groupDetail>
<seriesDetail>
<series id="SPEECH_MACK20250221_C1_S1">
<label>Canada–US trade balance</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_MACK20250221_C1_S2">
<label>Canada–US trade balance excluding energy</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="1997-01-01"><v s="SPEECH_MACK20250221_C1_S1">23.20</v><v s="SPEECH_MACK20250221_C1_S2">-1.45</v></o>
<o d="1998-01-01"><v s="SPEECH_MACK20250221_C1_S1">30.06</v><v s="SPEECH_MACK20250221_C1_S2">10.12</v></o>
<o d="1999-01-01"><v s="SPEECH_MACK20250221_C1_S2">29.17</v><v s="SPEECH_MACK20250221_C1_S1">54.11</v></o>
<o d="2000-01-01"><v s="SPEECH_MACK20250221_C1_S2">38.66</v><v s="SPEECH_MACK20250221_C1_S1">87.52</v></o>
<o d="2001-01-01"><v s="SPEECH_MACK20250221_C1_S1">93.54</v><v s="SPEECH_MACK20250221_C1_S2">43.00</v></o>
<o d="2002-01-01"><v s="SPEECH_MACK20250221_C1_S1">88.03</v><v s="SPEECH_MACK20250221_C1_S2">43.93</v></o>
<o d="2003-01-01"><v s="SPEECH_MACK20250221_C1_S2">29.26</v><v s="SPEECH_MACK20250221_C1_S1">83.18</v></o>
<o d="2004-01-01"><v s="SPEECH_MACK20250221_C1_S2">36.37</v><v s="SPEECH_MACK20250221_C1_S1">95.70</v></o>
<o d="2005-01-01"><v s="SPEECH_MACK20250221_C1_S2">30.05</v><v s="SPEECH_MACK20250221_C1_S1">104.37</v></o>
<o d="2006-01-01"><v s="SPEECH_MACK20250221_C1_S2">14.38</v><v s="SPEECH_MACK20250221_C1_S1">89.06</v></o>
<o d="2007-01-01"><v s="SPEECH_MACK20250221_C1_S2">-1.91</v><v s="SPEECH_MACK20250221_C1_S1">76.97</v></o>
<o d="2008-01-01"><v s="SPEECH_MACK20250221_C1_S2">-29.02</v><v s="SPEECH_MACK20250221_C1_S1">77.85</v></o>
<o d="2009-01-01"><v s="SPEECH_MACK20250221_C1_S1">22.84</v><v s="SPEECH_MACK20250221_C1_S2">-41.65</v></o>
<o d="2010-01-01"><v s="SPEECH_MACK20250221_C1_S1">20.42</v><v s="SPEECH_MACK20250221_C1_S2">-54.63</v></o>
<o d="2011-01-01"><v s="SPEECH_MACK20250221_C1_S1">33.21</v><v s="SPEECH_MACK20250221_C1_S2">-53.69</v></o>
<o d="2012-01-01"><v s="SPEECH_MACK20250221_C1_S1">26.37</v><v s="SPEECH_MACK20250221_C1_S2">-62.44</v></o>
<o d="2013-01-01"><v s="SPEECH_MACK20250221_C1_S2">-62.42</v><v s="SPEECH_MACK20250221_C1_S1">28.96</v></o>
<o d="2014-01-01"><v s="SPEECH_MACK20250221_C1_S2">-61.82</v><v s="SPEECH_MACK20250221_C1_S1">36.01</v></o>
<o d="2015-01-01"><v s="SPEECH_MACK20250221_C1_S2">-47.88</v><v s="SPEECH_MACK20250221_C1_S1">19.88</v></o>
<o d="2016-01-01"><v s="SPEECH_MACK20250221_C1_S2">-33.82</v><v s="SPEECH_MACK20250221_C1_S1">21.04</v></o>
<o d="2017-01-01"><v s="SPEECH_MACK20250221_C1_S2">-46.76</v><v s="SPEECH_MACK20250221_C1_S1">27.84</v></o>
<o d="2018-01-01"><v s="SPEECH_MACK20250221_C1_S2">-50.96</v><v s="SPEECH_MACK20250221_C1_S1">30.94</v></o>
<o d="2019-01-01"><v s="SPEECH_MACK20250221_C1_S1">42.94</v><v s="SPEECH_MACK20250221_C1_S2">-43.37</v></o>
<o d="2020-01-01"><v s="SPEECH_MACK20250221_C1_S1">15.49</v><v s="SPEECH_MACK20250221_C1_S2">-46.71</v></o>
<o d="2021-01-01"><v s="SPEECH_MACK20250221_C1_S2">-28.98</v><v s="SPEECH_MACK20250221_C1_S1">79.83</v></o>
<o d="2022-01-01"><v s="SPEECH_MACK20250221_C1_S2">-59.97</v><v s="SPEECH_MACK20250221_C1_S1">108.10</v></o>
<o d="2023-01-01"><v s="SPEECH_MACK20250221_C1_S1">94.44</v><v s="SPEECH_MACK20250221_C1_S2">-38.39</v></o>
</observations>
</data>