Canada's trade deficit....greener but poorer Miners have tried to get bitumen to tide water for over a decade. Hundreds of millions of dollars have been spent on regulations and jumping over hoops that led to nothing. The Canadian trade balance has continued to deteriorate. This happens when you sell your oil at $30 and import at $60. Numbscull specials. Over the last 10 years, Canada's trade balance has gone from roughly $2 billion monthly surpluses to $3 billion monthly deficits. Trade deficits lead to current account deficits (Canada's balance sheet). This increased foreign indebtedness has dropped the loonie 20% during the same period. You are greener but you are poorer. Here are the charts. https://tradingeconomics.com/canada/balance-of-trade