Canada's current account deficit widened by C$6.2 billion to C$7.2 billion in the first quarter of 2026, missing forecasts of a C$4.7 billion gap and marking the 15th consecutive quarterly deficit. The investment income surplus narrowed by C$4.9 billion to C$2.5 billion, mainly due to lower direct investment income. Meanwhile, the trade deficit in goods widened by C$3.3 billion to C$7.7 billion as imports rose faster than exports. Goods imports increased 5.5% to a record C$211 billion, driven primarily by a 38.3% surge in metal and non-metallic mineral products, largely gold, amid sharply higher precious metal prices. In contrast, Canada’s trade surplus in services increased by C$0.8 billion to C$1.3 billion. source: Statistics Canada

Canada recorded a Current Account deficit of 7184 CAD Million in the first quarter of 2026. Current Account in Canada averaged -2792.31 CAD Million from 1946 until 2026, reaching an all time high of 12492.00 CAD Million in the fourth quarter of 2005 and a record low of -21800.00 CAD Million in the second quarter of 2025. This page provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Canada recorded a Current Account deficit of 7184 CAD Million in the first quarter of 2026. Current Account in Canada is expected to be -4100.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Current Account is projected to trend around -1200.00 CAD Million in 2027 and -5900.00 CAD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-26 01:30 PM
Current Account
Q4 C$-0.7B C$-9.7B C$-7.7B C$ -5.0B
2026-05-28 12:30 PM
Current Account
Q1 C$-7.2B C$-1B C$-4.7B C$ -3.4B
2026-08-27 12:30 PM
Current Account
Q2 C$-7.2B C$ -4.1B


Related Last Previous Unit Reference
Balance of Trade 1780.00 -5110.00 CAD Million Mar 2026
Capital Flows -6052.00 3590.00 CAD Million Mar 2026
Current Account -7184.00 -1009.00 CAD Million Mar 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 72770.00 67060.00 CAD Million Mar 2026
External Debt 4795130.00 4692066.00 CAD Million Dec 2025
Foreign Direct Investment 22000.00 26033.00 CAD Million Mar 2026
Imports 70990.00 72170.00 CAD Million Mar 2026
Oil Exports 12154.60 10224.00 CAD Million Mar 2026
Terms of Trade 107.33 101.60 points Mar 2026
Tourist Arrivals 1662215.00 1478633.00 Mar 2026


Canada Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-7184.00 -1009.00 12492.00 -21800.00 1946 - 2026 CAD Million Quarterly

News Stream
Canada Current Account Deficit Widens More Than Expected
Canada's current account deficit widened by C$6.2 billion to C$7.2 billion in the first quarter of 2026, missing forecasts of a C$4.7 billion gap and marking the 15th consecutive quarterly deficit. The investment income surplus narrowed by C$4.9 billion to C$2.5 billion, mainly due to lower direct investment income. Meanwhile, the trade deficit in goods widened by C$3.3 billion to C$7.7 billion as imports rose faster than exports. Goods imports increased 5.5% to a record C$211 billion, driven primarily by a 38.3% surge in metal and non-metallic mineral products, largely gold, amid sharply higher precious metal prices. In contrast, Canada’s trade surplus in services increased by C$0.8 billion to C$1.3 billion.
2026-05-28
Canada Current Account Deficit Narrows in Q3
Canada’s current account deficit narrowed by C$11.9 billion to C$9.7 billion in Q3 2025. The goods and services deficit fell from C$19.1 billion in Q2 to C$10.6 billion. Goods exports rose 1.8% to C$186.0 billion after a 12.6% drop in the previous quarter, while goods imports fell 2.0% to C$197.1 billion, marking a second straight decline. The services balance moved from a C$0.7 billion deficit to a C$0.5 billion surplus, supported by a larger commercial services surplus and a smaller transportation deficit. The investment income surplus widened by C$2.9 billion to C$7.0 billion amid higher direct investment income.
2025-11-27
Canada Current Account Hits Record Deficit
Canada’s current account deficit widened by C$19.8 billion in Q2 2025 to a record C$21.2 billion, driven by a sharp deterioration in the goods trade balance. The goods deficit rose by C$19.1 billion to an unprecedented C$19.6 billion, as exports dropped 13.1% to C$182.2 billion, the lowest since late 2021, pressured by US tariffs and a stronger Canadian dollar. Imports fell 4.0% to C$201.8 billion. In services, the balance shifted to a small surplus of C$0.1 billion, with declines in both exports and imports. Foreign portfolio investors divested C$16.8 billion in Canadian securities, the largest since 2007, while Canadian investors bought C$26.8 billion in foreign assets.
2025-08-28