Canadian Manufacturing

Current account deficit down $500M in Q1: StatsCan

by The Canadian Press   

Canadian Manufacturing
Financing Economy finance politics trade

Agency says change largely reflected lower deficits on trade in goods, services

OTTAWA—Statistics Canada says the country’s current account deficit on a seasonally adjusted basis shrank by $500-million to $14.1-billion in the first quarter.

The agency says the change largely reflected lower deficits on trade in goods and services.

It says the deficit on trade in goods declined by $400-million in the quarter to $1.7-billion as both exports and imports strengthened, with exports recording a larger increase.

The goods surplus with the United States remained at $11.2-billion, reflecting corresponding increases in both exports and imports.


The deficit on trade in services was reduced by $200-million to $5.8-billion, with lower payments on trade in commercial services and higher receipts on transportation services accounting for most of the changes.

The travel deficit remained at $4.3-billion.


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