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

Canada's seasonally adjusted current account deficit narrowed CAD 0.4 billion to CAD 16.2 billion in the third quarter over the previous period. A lower deficit on trade in goods was partially offset by a higher deficit on cross-border investment income flows. 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
-16212.00 -16571.00 12230.00 -20197.00 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. Canada Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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$-17.4B C$-18.2B C$-16.9B
2015-11-30 01:30 PM Q3 C$-16.2B C$-16.6B C$-15.15B C$-16.9B
2016-02-29 01:30 PM Q4 C$-16.2B -15.5B
2016-05-30 12:30 PM Q1 -15.3B
2016-08-30 12:30 PM Q2 -15.1B

Canada Current Account Gap Narrows in Q3


Canada's seasonally adjusted current account deficit narrowed CAD 0.4 billion to CAD 16.2 billion in the third quarter over the previous period. A lower deficit on trade in goods was partially offset by a higher deficit on cross-border investment income flows.

The deficit on international transactions in goods was reduced by CAD 1.3 billion in the third quarter to CAD 5.1 billion. After a large increase in the first quarter, Canada's trade in goods deficit with the rest of the world has narrowed for a second straight quarter.

The goods surplus with the United States rose by CAD 0.5 billion despite lower exports of crude petroleum. The trade deficit with all other countries was down by CAD 0.8 billion. One of the main contributors was trade with India, where the goods surplus expanded by CAD0.6 billion on higher exports.

Total exports of goods advanced CAD 4.7 billion to CAD 134.2 billion in the third quarter. The largest gains were recorded in consumer goods and in motor vehicles and parts. Consumer goods rose CAD 2.3 billion, mostly on higher volumes of miscellaneous goods and supplies and of pharmaceutical products. Motor vehicles and parts increased CAD 2.2 billion, led by higher prices and volumes of passenger cars exported. Aircraft and other transportation equipment rose CAD 0.5 billion, mostly on higher prices. Moderating these gains was a CAD 2.2 billion decline in exports of energy products, with lower crude petroleum prices accounting for nearly all the reduction.

Total imports of goods were up CAD 3.4 billion to CAD 139.3 billion in the third quarter. Imports of consumer goods increased CAD 1.1 billion, on higher prices. Electronic and electric equipment and parts rose by CAD 1.0 billion, led by larger volumes of communications and audio and video equipment. Imports of basic and industrial chemical, plastic and rubber products increased CAD 0.7 billion, also on higher volumes. Motor vehicles and parts were up CAD 0.4 billion, as a CAD 1.1 billion increase in parts was moderated by a reduction in passenger cars imported.

The overall deficit on international trade in services narrowed CAD 0.1 billion to CAD 5.6 billion in the third quarter.

The investment income deficit increased CAD 0.6 billion to CAD 4.2 billion in the third quarter. Profits earned by foreign direct investors on their Canadian assets were up CAD 0.2 billion, while those earned by Canadian direct investors on their assets abroad were largely unchanged. Higher interest payments on other investment liabilities mainly accounted for the rest of the increase. For portfolio investment, income on both assets and liabilities was up by the same amount during the quarter.

The deficit in secondary income rose by CAD 0.5 billion to CAD 0.8 billion, as payments of government transfers increased following a weak second quarter.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2015 2:17:57 PM

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -584.90 -1587.40 8524.80 -3700.30 CAD Million [+]
Exports 45350.50 43639.00 45822.70 1366.00 CAD Million [+]
Imports 45935.40 45226.40 46857.10 1112.00 CAD Million [+]
Current Account -16212.00 -16571.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -2.10 -2.90 2.70 -4.20 percent [+]
External Debt 612.33 611.88 612.33 14.82 CAD Billion [+]
Terms of Trade 89.70 90.50 110.30 81.20 Index Points [+]
Foreign Direct Investment 31388.00 20424.00 50740.00 -8173.00 CAD Million [+]
Capital Flows 0.00 -2.00 19.00 -672.00 CAD Million [+]
Gold Reserves 2.99 2.99 46.19 2.99 Tonnes [+]
Crude Oil Production 3581.00 3412.00 3912.00 955.00 BBL/D/1K [+]
Terrorism Index 2.30 1.93 3.00 0.65 [+]
Tourist Arrivals 1510420.00 2073074.00 7006165.00 1138895.00 [+]




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