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

Canada's current account gap increased by CAD 2.3 billion to CAD 14.1 billion in first quarter of 2017 from an upwardly revised CAD 11.8 billion in the previous period, and worse than market expectations of a CAD 12 billion deficit. The goods balance shifted to a deficit from a surplus due to higher imports of energy products and motor vehicles and parts. Current Account in Canada averaged -2237.08 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
Please Paste this Code in your Website
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 Q1


Canada's current account gap increased by CAD 2.3 billion to CAD 14.1 billion in first quarter of 2017 from an upwardly revised CAD 11.8 billion in the previous period, and worse than market expectations of a CAD 12 billion deficit. The goods balance shifted to a deficit from a surplus due to higher imports of energy products and motor vehicles and parts.

The goods balance posted a CAD 1.8 billion deficit, following a CAD 0.1 billion surplus. Total exports of goods rose CAD 2.2 billion to CAD 138.5 billion. Energy products, led by crude petroleum, were the major contributor, with exports up CAD 2.5 billion as prices reached their highest level since the end of 2014. Total imports of goods were up CAD 4.0 billion to CAD 140.3 billion, as both energy products and motor vehicles and parts had increases of more than CAD 1 billion.

On a geographical basis, the goods surplus with the United States, led by stronger exports of energy products, increased CAD 0.5 billion in the first quarter. Meanwhile, the deficit with non-US countries increased CAD 2.3 billion, mainly reflecting higher deficits with Brazil, Netherlands, Germany and Hong Kong. 

The services deficit rose CAD 0.3 billion to CAD 5.7 billion, as the commercial services surplus went down. Imports of commercial services edged up CAD 0.2 billion while exports were unchanged. The deficit on transport services increased slightly, reflecting higher payments of water transport. Travel deficit also marginally increased to reach CAD 3.7 billion, as higher receipts from US travellers were more than offset by larger payments by Canadian travellers visiting the United States.

The investment income deficit, the difference between incomes generated on Canada's international assets and liabilities, went up CAD 0.2 billion to  CAD 5.4 billion in the first quarter. Higher interest paid on foreign currency deposits held by non-residents in Canada contributed to the increase in the investment income deficit for the quarter. Profits by foreign direct investors on their Canadian assets were unchanged. On the receipt side, profits earned by Canadian direct investors on their assets abroad were up $0.3 billion despite lower dividend receipts. This increase was moderated by lower interest receipts on inter-company debt claims. 

Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/30/2017 1:13:28 PM



Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-29 01:30 PM Q3 C$-18.3B C$-19B C$-16.8B C$-16.1B
2017-03-01 01:30 PM Q4 C$-10.7B C$-19.8B C$-9.8B C$ -10B
2017-05-30 12:30 PM Q1 C$-14.1B C$-11.8B C$-12B C$ -11.4B
2017-08-30 12:30 PM Q2 C$-14.1B C$ -14.5B
2017-11-30 01:30 PM Q3 C$ -15B


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -3601.90 -1359.50 8524.80 -4256.70 CAD Million [+]
Exports 46512.60 48621.90 48621.90 1366.00 CAD Million [+]
Imports 50114.50 49981.40 50114.50 1112.00 CAD Million [+]
Current Account -14053.00 -11784.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.30 -3.40 2.70 -4.20 percent [+]
External Debt 615.99 612.33 615.99 14.82 CAD Billion [+]
Terms of Trade 89.40 90.20 110.30 81.20 Index Points [+]
Foreign Direct Investment 8678.00 11537.00 50326.00 -8640.00 CAD Million [+]
Capital Flows -51.00 0.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.19 0.00 Tonnes [+]
Crude Oil Production 3443.00 3607.00 4107.00 955.00 BBL/D/1K [+]
Weapons Sales 127.00 357.00 469.00 38.00 USD Million [+]
Terrorism Index 2.52 2.30 3.00 0.65 [+]
Tourist Arrivals 3696985.00 2602303.00 7006165.00 1138895.00 [+]

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



Canada Current Account Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-14053.00 -11784.00 12230.00 -20197.00 1946 - 2017 CAD Million Quarterly



current account by Country

Last
Australia -3108.00 Mar/17
Brazil 1330.40 Jun/17
Canada -14053.00 Mar/17
China 529.00 Jun/17
Euro Area 28.10 Jun/17
France -2137.00 Jun/17
Germany 23600.00 Jun/17
India -3432.97 Mar/17
Indonesia -4962.50 Jun/17
Italy 5257.00 Jun/17
Japan 934.60 Jun/17
Mexico -6859.20 Mar/17
Netherlands 20180.90 Mar/17
Russia -300.00 Jun/17
South Korea 7007.00 Jun/17
Spain 2569.00 May/17
Switzerland 11118.00 Mar/17
Turkey -3763.00 Jun/17
United Kingdom -16895.00 Mar/17
United States -116781.00 Mar/17