Canada's current account balance swung to a surplus of C$8.8 billion in the second quarter of 2026 from a deficit of C$8.3 billion in the prior quarter, marking the first surplus since the second quarter of 2022 and the largest since the last quarter of 2005. The result also missed expectations for a C$2 billion shortfall. Strong gains in goods exports, led by energy products, moved the trade in goods balance from a deficit to a large surplus of C$12.2 billion, being the main contributor in the shift. Imports of goods increased as well, but at a slower pace than exports. By contrast, the services surplus declined sharply to C$26 million, while the primary income deficit widened to C$2.6 billion reflecting higher interest on debt securities. The secondary income deficit also widened sharply to C$782 million, driven by higher private transfers and lower government transfers. source: Statistics Canada

Canada recorded a Current Account surplus of 8800 CAD Million in the second quarter of 2026. Current Account in Canada averaged -2759.78 CAD Million from 1946 until 2026, reaching an all time high of 12492.00 CAD Million in the fourth quarter of 2005 and a record low of -21800.00 CAD Million in the second quarter of 2025. This page provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Canada recorded a Current Account surplus of 8800 CAD Million in the second quarter of 2026. Current Account in Canada is expected to be 2200.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Current Account is projected to trend around -1200.00 CAD Million in 2027 and 900.00 CAD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-28 12:30 PM
Current Account
Q1 C$-7.2B C$-1B C$-4.7B C$ -3.4B
2026-08-27 12:30 PM
Current Account
Q2 C$8.8B C$-8.3B C$-2B C$ -3.0B
2026-11-27 01:30 PM
Current Account
Q3 C$8.8B C$ 2.2B


Related Last Previous Unit Reference
Balance of Trade 770.00 4200.00 CAD Million Jul 2026
Capital Flows 4390.00 -8774.00 CAD Million Jun 2026
Current Account 8800.00 -8300.00 CAD Million Jun 2026
Current Account to GDP -1.40 -0.50 percent of GDP Dec 2025
Exports 76140.00 77960.00 CAD Million Jul 2026
External Debt 5051043.00 4846959.00 CAD Million Jun 2026
Foreign Direct Investment 25888.00 18797.00 CAD Million Jun 2026
Imports 75370.00 73760.00 CAD Million Jul 2026
Oil Exports 12903.20 13670.80 CAD Million Jul 2026
Terms of Trade 103.20 101.30 points Jul 2026
Tourist Arrivals 4584611.00 3767868.00 Jul 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
8800.00 -8300.00 12492.00 -21800.00 1946 - 2026 CAD Million Quarterly

News Stream
Canada Current Account Records Largest Surplus Since 2005
Canada's current account balance swung to a surplus of C$8.8 billion in the second quarter of 2026 from a deficit of C$8.3 billion in the prior quarter, marking the first surplus since the second quarter of 2022 and the largest since the last quarter of 2005. The result also missed expectations for a C$2 billion shortfall. Strong gains in goods exports, led by energy products, moved the trade in goods balance from a deficit to a large surplus of C$12.2 billion, being the main contributor in the shift. Imports of goods increased as well, but at a slower pace than exports. By contrast, the services surplus declined sharply to C$26 million, while the primary income deficit widened to C$2.6 billion reflecting higher interest on debt securities. The secondary income deficit also widened sharply to C$782 million, driven by higher private transfers and lower government transfers.
2026-08-27
Canada Current Account Deficit Widens More Than Expected
Canada's current account deficit widened by C$6.2 billion to C$7.2 billion in the first quarter of 2026, missing forecasts of a C$4.7 billion gap and marking the 15th consecutive quarterly deficit. The investment income surplus narrowed by C$4.9 billion to C$2.5 billion, mainly due to lower direct investment income. Meanwhile, the trade deficit in goods widened by C$3.3 billion to C$7.7 billion as imports rose faster than exports. Goods imports increased 5.5% to a record C$211 billion, driven primarily by a 38.3% surge in metal and non-metallic mineral products, largely gold, amid sharply higher precious metal prices. In contrast, Canada’s trade surplus in services increased by C$0.8 billion to C$1.3 billion.
2026-05-28
Canada Current Account Deficit Narrows in Q3
Canada’s current account deficit narrowed by C$11.9 billion to C$9.7 billion in Q3 2025. The goods and services deficit fell from C$19.1 billion in Q2 to C$10.6 billion. Goods exports rose 1.8% to C$186.0 billion after a 12.6% drop in the previous quarter, while goods imports fell 2.0% to C$197.1 billion, marking a second straight decline. The services balance moved from a C$0.7 billion deficit to a C$0.5 billion surplus, supported by a larger commercial services surplus and a smaller transportation deficit. The investment income surplus widened by C$2.9 billion to C$7.0 billion amid higher direct investment income.
2025-11-27