- Analytics
- News and Tools
- Market News
- Canada's current account deficit rose by $3.0 billion in the first quarter to $19.5 billion
Canada's current account deficit rose by $3.0 billion in the first quarter to $19.5 billion
Canada's current account deficit (on a seasonally adjusted basis) rose by $3.0 billion in the first quarter to $19.5 billion. Higher deficits on trade in goods and investment income were the main contributors to this increase.
In the financial account (unadjusted for seasonal variation), foreign direct investment activity was the largest contributor to the inflow of funds in the economy in the quarter.
The deficit on international trade in goods and services increased by $1.2 billion to $15.2 billion in the first quarter, the largest deficit since the second quarter of 2016.
The goods deficit rose by $1.5 billion from the previous quarter to $9.0 billion. The goods surplus with the United States decreased by $2.7 billion on higher imports. Meanwhile, the deficit with non-US countries narrowed by $1.3 billion to $16.0 billion, mainly reflecting a higher surplus with United Kingdom and lower deficits with Korea and the Netherlands.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
