Canada Current Account  1946-2016 | Data | Chart | Calendar | Forecast

Canada recorded a current account gap of CAD 16.8 billion in the first quarter of 2016 compared to an upwardly revised CAD 15.7 billion deficit in the previous period and in line with market expectations as lower oil prices dragged down the value of exports. At the end of the first quarter, energy products accounted for 11 percent of all Canadian exports, the lowest share observed since 2002. Current Account in Canada averaged -1921.54 CAD Million from 1946 until 2015, reaching an all time high of 12230 CAD Million in the fourth quarter of 2005 and a record low of -20197 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
-16800.00 -16571.00 12230.00 -20197.00 1946 - 2016 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. Canada Current Account - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-30 01:30 PM Q3 C$-16.2B C$-16.6B C$-15.15B C$-16.9B
2016-02-29 01:30 PM Q4 C$-15.38B C$-15.3B C$-15.6B C$-15.4B
2016-05-30 12:30 PM Q1 C$-16.8B C$-15.7B C$-16.8B C$-20B
2016-08-30 12:30 PM Q2 C$-16.8B -16.5B
2016-11-29 01:30 PM Q3 -16.1B

Canada Current Account Deficit Widens on Lower Oil Prices


Canada recorded a current account gap of CAD 16.8 billion in the first quarter of 2016 compared to an upwardly revised CAD 15.7 billion deficit in the previous period and in line with market expectations as lower oil prices dragged the value of exports down. At the end of the first quarter, energy products accounted for 11 percent of all Canadian exports, the lowest share observed since 2002.

The deficit on international trade in goods expanded CAD 1.3 billion to CAD 6.3 billion in the first quarter. Overall, total exports of goods decreased CAD 1.5 billion to CAD 130.4 billion: exports of energy products were down CAD 3.4 billion despite higher volumes; sales of metal ores and non-metallic minerals (CAD -0.4 billion) and aircraft and other transportation equipment and parts (CAD -0.4 billion) were both down on lower volumes. Moderating these declines were gains of CAD 1.8 billion in exports of motor vehicles and parts, led by higher volumes of passenger cars and light trucks. Total imports of goods edged down CAD 0.2 billion to CAD 136.7 billion. The largest reduction was in energy products, down CAD 1.3 billion on lower prices. Aircraft and other transportation equipment and parts also contributed to the decline, with a CAD 0.9 billion reduction on lower volumes. On the other hand, consumer goods advanced CAD 0.8 billion, while motor vehicles and parts gained CAD 0.6 billion.

The overall deficit on international trade in services narrowed CAD 0.2 billion to CAD 5.7 billion in the first quarter. This change reflected a reduction in the travel deficit moderated by a lower surplus on commercial services, continuing the trend observed in recent quarters.

The investment income deficit was unchanged at CAD 3.4 billion in the first quarter, as both receipts and payments fell by the same amount.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
5/30/2016 1:44:54 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -2936.70 -3175.60 8524.80 -3175.60 CAD Million [+]
Exports 41810.30 41175.90 46086.50 1366.00 CAD Million [+]
Imports 44747.00 44351.50 46899.00 1112.00 CAD Million [+]
Current Account -16800.00 -16571.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -2.30 2.70 -4.20 percent [+]
External Debt 612.33 611.88 612.33 14.82 CAD Billion [+]
Terms of Trade 88.20 87.80 110.30 81.20 Index Points [+]
Foreign Direct Investment 7180.00 8894.00 50740.00 -8173.00 CAD Million [+]
Capital Flows -53.00 -2.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 1.70 2.99 46.19 1.70 Tonnes [+]
Crude Oil Production 3797.00 3724.00 3912.00 955.00 BBL/D/1K [+]
Weapons Sales 312.00 254.00 469.00 38.00 USD Million [+]
Terrorism Index 2.30 2.30 3.00 0.65 [+]
Tourist Arrivals 1846529.00 1719281.00 7006165.00 1138895.00 [+]




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