Canada’s current account deficit drops $500M in third quarter

November 28, 2013

Statistics Canada says the country’s seasonally adjusted current account deficit fell $500 million to $15.5 billion in the third quarter. The agency says the change largely reflected reduced deficits on trade in goods and services as well as on investment income flows...

The deficit on trade in goods narrowed by $300 million to $2.2 billion in the third quarter, as exports strengthened more than imports.

The trade surplus with the United States was up $1.7 billion, largely accounted for by exports of energy and automotive products. However, the trade deficit with other countries expanded to $14.5 billion as exports were down $1.2 billion and imports were up slightly.

This has been exerpted from the 28 November 2013 article by the Financial Post, and is availalble at: http://business.financialpost.com/2013/11/28/canadas-current-account-deficit-drops-500m-in-third-quarter-statscan-says/.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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