Canada posted a current account surplus of CAD 3.6 billion in the second quarter of 2021, following a CAD 1.8 million surplus in the first quarter. Prior to 2021, Canada had continuous current account deficits from the fourth quarter of 2008 until the end of 2020. The surplus mostly reflected a positive trade in goods and services balance and a higher investment income surplus. The goods balance posted a second consecutive surplus, led by exports of goods due to higher prices. Also, the services balance remained in an unusual surplus position in the context of the COVID-19 pandemic, which affected travel payments more severely than receipts. Travel receipts and payments remained at historical lows in Canada's current account as restrictions in the second quarter were still in force. source: Statistics Canada
Current Account in Canada averaged -2650.78 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 September of 2021.
Current Account in Canada is expected to be -9500.00 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 -15600.00 CAD Million in 2022, according to our econometric models.