Canada Current Account 1946-2015 | Data | Chart | Calendar | Forecast

Canada recorded a Current Account deficit of 17466 CAD Million in the first quarter of 2015. Current Account in Canada averaged -1749.97 CAD Million from 1946 until 2015, reaching an all time high of 12223 CAD Million in the fourth quarter of 2005 and a record low of -19565 CAD Million in the third quarter of 2010. Current Account in Canada is reported by the Statistics Canada.

Canada Current Account
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Actual Previous Highest Lowest Dates Unit Frequency
-17466.00 -13050.00 12223.00 -19565.00 1946 - 2015 CAD Million Quarterly
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). This page provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Canada Current Account - was last refreshed on Monday, August 31, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-27 01:30 PM Q3 C$-8.4B C$-9.91B(R) CAD -11.0B -11.3B
2015-03-02 01:30 PM Q4 C$-13.92B C$-9.6B(R) CAD -12.5B -7.2B
2015-05-28 01:30 PM Q1 C$-17.5B C$-13.1B(R) CAD -18.5B -6.4B
2015-08-31 01:30 PM Q2 C$-17.5B C$-16.9B
2015-11-27 01:30 PM Q3 -16.1B


Canada Current Account Deficit Widens to 5-Year High in Q1


Canada's seasonally adjusted current account gap expanded by CAD 4.4 billion in the first quarter of 2015 to reach CAD 17.5 billion from a revised CAD 13.1 billion shortfall in the previous quarter. This change mainly reflected the deterioration of the trade in goods balance, mostly energy products.

The trade in goods deficit expanded by CAD 5.2 billion to a record CAD 7.2 billion in the first quarter, from a CAD 2.0 billion deficit in the precedent quarter.

Overall exports of goods declined CAD 4.1 billion to CAD 128.0 billion in the first quarter. Energy product values were down CAD 5.9 billion despite higher volumes (+3.9 percent). This reduction was concentrated in crude petroleum prices which fell 32 percent in the quarter, reaching their lowest levels since the first quarter of 2009. Metal and non-metallic mineral products also declined in the first quarter (-CAD 0.8 billion) as export volumes of precious metals shrank. In contrast, exports of farm, fishing and intermediate food products were up by CAD 0.6 billion, mostly on higher volumes of wheat. Exports of consumer goods rose CAD 0.5 billion on higher prices. Forestry products, electronic and electrical equipment and parts as well as aircraft and other transportation equipment and parts exported each increased by CAD 0.4 billion in the quarter on higher volumes and prices.

Total imports of goods advanced CAD 1.1 billion to CAD 135.3 billion. The largest gains were in electronic and electrical equipment and parts, up CAD 1.1 billion on larger volumes of communications and audio and video equipment. Consumer goods increased by CAD 1.0 billion while industrial machinery, equipment and parts increased CAD 0.7 billion, both led by higher prices. On the other hand, imports of energy products were down by CAD 1.7 billion, reflecting reduced prices but higher volumes.

The deficit on international trade in services narrowed by CAD 0.1 billion to CAD 5.6 billion in the first quarter. The travel account deficit shrank by CAD 0.2 billion. The surplus on trade in commercial services edged down, as imports advanced by more than exports. The deficit on transportation services was up slightly in the quarter.

The investment income deficit was reduced by CAD 0.7 billion to CAD 3.7 billion in the first quarter, as income received on foreign investments were up and profits earned in Canada by foreign direct investors edged down. However, payments on portfolio investment liabilities increased by CAD 0.3 billion, led by higher interest payments on foreign currency denominated Canadian corporate bonds. 

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/28/2015 1:56:37 PM


Recent Releases

Canada Current Account Deficit Widens in Q4
Canada's seasonally adjusted current account gap expanded by CAD 4.3 billion in the fourth quarter of 2014 to reach CAD 13.9 billion from a revised CAD 9.6 billion shortfall in the previous quarter. This change mainly reflected the deterioration of the trade in goods balance, mostly due to lower crude oil prices.
Published on 2015-03-02

Canada Current Account Deficit at 6-Year Low
Canada's seasonally adjusted current account deficit narrowed by CAD 1.5 billion in the third quarter of 2014 to CAD 8.4 billion from a revised CAD 9.91 billion deficit in the previous period. This reduction reflected a higher goods surplus and lower services and investment income deficits.
Published on 2014-11-27

Canada Current Account Deficit Almost Unchanged in Q2
Canada's seasonally adjusted current account deficit was largely unchanged in the second quarter of 2014, edging down $0.2 billion to $11.9 billion. This reflected a slight increase in the deficit on trade in goods and services, which was more than offset by a lower investment income deficit.
Published on 2014-08-28

Canada Current Account Deficit Narrows in Q1
Canada's seasonally adjusted current account gap declined to CAD 12.4 billion in the first quarter of 2014 from a CAD 15.6 billion deficit in the previous quarter, as the trade balance posted its first surplus since the end of 2011.
Published on 2014-05-29


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -476.00 -2992.00 8524.80 -3853.00 CAD Million [+]
Exports 44609.00 41969.00 45537.80 1366.00 CAD Million [+]
Imports 45085.00 45344.00 46051.00 1112.00 CAD Million [+]
Current Account -17466.00 -13050.00 12223.00 -19565.00 CAD Million [+]
Current Account to GDP -2.10 -2.90 2.70 -4.20 percent [+]
External Debt 611.88 609.39 611.88 14.82 CAD Billion [+]
Terms of Trade 92.90 92.50 110.30 81.20 Index Points [+]
Foreign Direct Investment 6670.00 20390.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -50.00 -14.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3202.00 3910.00 3911.00 955.00 BBL/D/1K [+]
Tourist Arrivals 3306443.00 2453533.00 7006165.00 1138895.00 [+]


Current Account Reference Previous Highest Lowest Unit
Australia -10741.00 Mar/15 -10239.00 295.00 -20882.00 AUD Million [+]
Brazil -6163.00 Jul/15 -2547.00 3068.40 -11529.50 USD Million [+]
Canada -17466.00 Mar/15 -13050.00 12223.00 -19565.00 CAD Million [+]
China 766.00 Jun/15 1522.00 1522.00 -8.96 USD Hundred Million [+]
Euro Area 31.10 Jun/15 4.30 35.79 -30.73 EUR Billion [+]
France 1000.00 Jun/15 200.00 4784.00 -5574.00 EUR Million [+]
Germany 24400.00 Jun/15 11800.00 27345.10 -9353.22 EUR Million [+]
India -1285.52 Mar/15 -8226.25 7360.00 -31857.20 USD Million [+]
Indonesia -4477.00 Jun/15 -5700.00 3795.00 -10133.00 USD Million [+]
Italy 3528.00 Jun/15 2674.00 19332.70 -10633.40 EUR Million [+]
Japan 558.60 Jun/15 1880.90 3360.40 -1586.10 JPY Billion [+]
Mexico -7980.09 Jun/15 -9446.00 2173.77 -9446.00 USD Million [+]
Netherlands 21241.50 Mar/15 15386.00 22435.60 -2389.10 EUR Million [+]
Russia 19200.00 Jun/15 28947.00 39286.00 -3637.00 USD Million [+]
South Korea 12186.50 Jun/15 8618.10 12186.50 -3756.80 USD Million [+]
Spain 1151.00 May/15 -232.00 4025.00 -12368.00 EUR Million [+]
Switzerland 13741.68 Mar/15 17343.31 28384.74 -7228.00 CHF Million [+]
Turkey -3356.00 Jun/15 -3990.00 1132.00 -9460.00 USD Million [+]
United Kingdom -26548.00 Mar/15 -28930.00 2693.00 -31806.00 GBP Million [+]
United States -113337.00 Mar/15 -103138.00 9957.00 -216063.00 USD Million [+]