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. source: Statistics Canada

Canada recorded a Current Account deficit of 9680 CAD Million in the third quarter of 2025. Current Account in Canada averaged -2798.27 CAD Million from 1946 until 2025, reaching an all time high of 12492.00 CAD Million in the fourth quarter of 2005 and a record low of -21557.00 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 February of 2026.

Canada recorded a Current Account deficit of 9680 CAD Million in the third quarter of 2025. Current Account in Canada is expected to be -3400.00 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-28 12:30 PM
Current Account
Q2 C$-21.2B C$-1.3B C$-19.4B C$ -15.0B
2025-11-27 01:30 PM
Current Account
Q3 C$-9.7B C$-21.6B C$-16.5B C$ -12.0B
2026-02-26 01:30 PM
Current Account
Q4 C$-9.7B


Related Last Previous Unit Reference
Balance of Trade -2200.00 -400.00 CAD Million Nov 2025
Capital Flows -13644.00 -25086.00 CAD Million Sep 2025
Current Account -9680.00 -21557.00 CAD Million Sep 2025
Current Account to GDP -1.00 -0.70 percent of GDP Dec 2024
Exports 63940.00 65780.00 CAD Million Nov 2025
External Debt 4676035.00 4536776.00 CAD Million Sep 2025
Foreign Direct Investment 18153.00 21890.00 CAD Million Sep 2025
Imports 66140.00 66180.00 CAD Million Nov 2025
Oil Exports 9506.00 8833.00 CAD Million Nov 2025
Terms of Trade 102.00 101.10 points Nov 2025
Tourist Arrivals 1642110.00 2363398.00 Nov 2025


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
-9680.00 -21557.00 12492.00 -21557.00 1946 - 2025 CAD Million Quarterly

News Stream
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
Canada Current Account Hits Record Deficit
Canada’s current account deficit widened by C$19.8 billion in Q2 2025 to a record C$21.2 billion, driven by a sharp deterioration in the goods trade balance. The goods deficit rose by C$19.1 billion to an unprecedented C$19.6 billion, as exports dropped 13.1% to C$182.2 billion, the lowest since late 2021, pressured by US tariffs and a stronger Canadian dollar. Imports fell 4.0% to C$201.8 billion. In services, the balance shifted to a small surplus of C$0.1 billion, with declines in both exports and imports. Foreign portfolio investors divested C$16.8 billion in Canadian securities, the largest since 2007, while Canadian investors bought C$26.8 billion in foreign assets.
2025-08-28
Canada Current Account Deficit Narrows in Q1
Canada’s current account deficit narrowed to CAD 2.1 billion in Q1 2025, down from a revised CAD 3.6 billion in Q4 and below market expectations of a CAD 3.25 billion gap. The investment income surplus rose to CAD 1.8 billion, driven by stronger earnings from Canadian direct investments abroad. However, the goods deficit widened to CAD 0.5 billion from CAD 0.4 billion, as both exports and imports increased amid uncertainty over new tariffs between Canada and the U.S. The services deficit also inched up to CAD 0.89 billion. Foreign investors purchased CAD 48.6 billion in Canadian bonds, while direct investment in Canada climbed to CAD 28.2 billion. Meanwhile, Canada saw record foreign divestment, with a net outflow of CAD 9.4 billion, including CAD 40.6 billion from equities and funds and CAD 17.4 billion from money market instruments.
2025-05-29