Canada Current Account  1946-2017 | Data | Chart | Calendar | Forecast

Canada's current account deficit widened by CAD 3.8 billion to CAD 19.3 billion in the third quarter of 2017, slightly below market expectations of a CAD 19.5 billion shortfall. The goods deficit widened for the third quarter in a row, hitting a CAD 8.9 billion, the second highest gap on record. Current Account in Canada averaged -2348.52 CAD Million from 1946 until 2017, 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.

Canada Current Account
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Canada Current Account Deficit Widens in Q3


Canada's current account deficit widened by CAD 3.8 billion to CAD 19.3 billion in the third quarter of 2017, slightly below market expectations of a CAD 19.5 billion shortfall. The goods deficit widened for the third quarter in a row, hitting a CAD 8.9 billion, the second highest gap on record.


The goods deficit advanced to CAD 8.9 billion in the third quarter from a CAD 3.6 billion in the prior quarter. It was the third quarter in a row expantion and the second highest deficit recorded, as exports and imports decreased. 

On a geographical basis, the goods deficit with non-US countries went up to CAD 17.0 billion from CAD 1.3 billion, mainly due to deteriorating trade balances with India and the United Kingdom. Meantime, the surplus with the United States fell $2.4 billion to $8.0 billion.

Total exports of goods fell to CAD 131.1 billion from CAD 11.0 billion, following four straight quarters of increases. Exports of motor vehicles and parts went down CAD 3.5 billion, due to work stoppages in the automotive industry and changes to certain models destined for the American market. Exports of energy products fell CAD 2.4 billion as price decreased and also to lower volumes of crude petroleum and natural gas.

After increasing by $10.7 billion over the first half of the year, total imports of goods declined to CAD 140.0 billion from CAD 7.4 billion to $140.0 billion as almost all the commodity sections went down. Metal and non-metallic mineral products declined by $1.3 billion and consumer goods lost $1.2 billion on lower prices.

The non-goods deficit increased slightly to CAD 10.4 billion, mainly due to higher portfolio investment income deficit and higher transfer payments mostly from the government sector.

The services deficit was unchanged at $6.1 billion. The travel deficit rose CAD 0.3 billion, led by a record number of Canadians visiting non-US destinations. In contrast, the surplus in commercial services advanced CAD 0.3 billion, mainly on lower payments of financial services.


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/30/2017 2:17:50 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-30 12:30 PM Current Account C$-14.1B C$-11.8B C$-12B C$ -11.4B
2017-08-30 12:30 PM Current Account C$-16.3B C$-12.9B C$-17.4B C$-14.5B
2017-11-30 01:30 PM Current Account C$-19.4B C$-15.6B C$-19.5B C$ -16.8B
2018-03-01 01:30 PM Current Account C$-19.4B
2018-05-30 12:30 PM Current Account
2018-08-29 12:30 PM Current Account


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -1474.50 -3364.40 8524.80 -4127.40 CAD Million [+]
Exports 44455.60 43301.00 48453.70 1366.00 CAD Million [+]
Imports 45930.10 46665.40 49478.00 1112.00 CAD Million [+]
Current Account -19346.00 -15587.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -3.40 2.70 -4.20 percent [+]
External Debt 631.90 615.99 631.90 14.82 CAD Billion [+]
Terms of Trade 91.00 92.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 9763.00 223.00 50326.00 -8640.00 CAD Million [+]
Capital Flows -25.00 0.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 3851.00 3942.00 4107.00 955.00 BBL/D/1K [+]
Terrorism Index 2.96 2.52 3.00 0.65 [+]
Tourist Arrivals 3156507.00 4183681.00 7006165.00 1138895.00 [+]
Weapons Sales 127.00 357.00 469.00 38.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Canada Current Account

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-19346.00 -15587.00 12230.00 -20197.00 1946 - 2017 CAD Million Quarterly




current account by Country
Country Last
Australia -9125.00 Sep/17
Brazil -343.00 Oct/17
Canada -19346.00 Sep/17
China 371.00 Sep/17
Euro Area 41.81 Sep/17
France -2227.00 Oct/17
Germany 18100.00 Oct/17
India -14300.00 Jun/17
Indonesia -4336.80 Sep/17
Italy 4307.00 Sep/17
Japan 2176.40 Oct/17
Mexico -5527.90 Sep/17
Netherlands 15416.30 Jun/17
Russia 1200.00 Sep/17
South Korea 5720.00 Oct/17
Spain 2359.00 Sep/17
Switzerland 18748.00 Jun/17
Turkey -4527.00 Sep/17
United Kingdom -23182.00 Jun/17
United States -123137.00 Jun/17