Canada posted a current account deficit of CAD 0.8 billion in the fourth quarter of 2021, from the downwardly revised surplus of CAD 0.81 billion in the previous quarter and compared to market expectations of a CAD 2.3 billion surplus. It was the first current account gap in one year, reflected by a deterioration in the investment income balance which posted its first gap in over two years. In addition, the secondary income deficit expanded from the previous quarter as government transfers eased. On the other hand, the goods and services balance remained in a surplus, as exports of goods continued to increase largely due to energy products and motor vehicles, while the deficit in services slightly narrowed from higher exports of financial and IT services. source: Statistics Canada
Current Account in Canada averaged -2640.84 CAD Million from 1946 until 2021, reaching an all time high of 12492 CAD Million in the fourth quarter of 2005 and a record low of -20035 CAD Million in the third quarter of 2010. 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 May of 2022.
Current Account in Canada is expected to be -2000.00 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 -4600.00 CAD Million in 2023 and -15600.00 CAD Million in 2024, according to our econometric models.