The following is excerpted from a 29 November 2010 news release by Statistics Canada.

Canada's overall current account deficit (on a seasonally adjusted basis) widened by $4.6 billion to reach a high of $17.5 billion in the third quarter. This marks the eighth quarterly deficit since the fourth quarter of 2008. Stronger imports of goods accounted for the bulk of the increase in the deficit in the third quarter, as exports of goods also weakened.

In the capital and financial account (unadjusted for seasonal variation), non-resident investors continued to supply large inflows of funds to the economy through a $28.1 billion investment in Canadian securities, while Canadian investment abroad weakened in the quarter. Canadian liabilities to non-residents, mainly in the form of bonds, have increased markedly since the first quarter of 2009.

This release is available in its entirety on the Statistics Canada website at:

http://www.statcan.gc.ca/daily-quotidien/101129/dq101129a-eng.htm