Canada's goods and services trade deficit stood at 7.5 billion Canadian dollars (approximately $5.5 billion) in April, widening from a deficit of 942 million Canadian dollars observed in March, Statistics Canada said in a report on Thursday.

Exports of goods and services dropped 8.6% to 78.4 billion Canadian dollars, while imports declined 3% on a monthly basis to 85.9 billion Canadian dollars.

The country's goods trade deficit improved from 2.3 billion Canadian dollars in March to 7.1 million Canadian dollars in April, with exports dropping 10.8% and imports falling 3.5%. Exports to the United States slid 15.7% following the imposition of new tariffs in April, and imports from the US plunged 10.8%.