Canada recorded a current account of CAD 5.03 billion in the first quarter of 2022, from the downwardly revised gap of CAD 0.14 billion in the previous quarter, surpassing market expectations of a CAD 3.2 billion surplus. It was the largest surplus in nearly 14 years, driven by the widest goods account surplus since the financial crisis of 2008, as surging prices for crude oil lifted Canadian goods exports, despite recording lower volumes of energy shipments. At the same time, the investment income also considerably widened, as profits earned by Canadian direct investors on foreign assets went down. On the other hand, the services gap was seen higher, largely due to lower travel and transport surpluses, while the secondary income deficit slightly expanded. source: Statistics Canada
Current Account in Canada averaged -2622.07 CAD Million from 1946 until 2022, 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 June of 2022.
Current Account in Canada is expected to be 2100.00 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 550.00 CAD Million in 2023 and -4500.00 CAD Million in 2024, according to our econometric models.