Canada Current Account  1946-2018 | Data | Chart | Calendar | Forecast

Canada's current account gap widened by CAD 3.0 billion to CAD 19.5 billion in the first quarter of 2018 from an upwardly revised CAD 16.5 billion in the previous period and worse than market expectations of a CAD 18 billion shortfall. The goods and service balance recorded the largest deficit since the second quarter of 2016. Current Account in Canada averaged -2449.55 CAD Million from 1946 until 2018, 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
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Canada Current Account Deficit Widens in Q1


Canada's current account gap widened by CAD 3.0 billion to CAD 19.5 billion in the first quarter of 2018 from an upwardly revised CAD 16.5 billion in the previous period and worse than market expectations of a CAD 18 billion shortfall. The goods and service balance recorded the largest deficit since the second quarter of 2016.

The goods deficit advanced by CAD 1.5 billion to CAD 9.0 billion in the first quarter of 2018 from a CAD 7.5 billion in the prior quarter. 

On a geographical basis, the goods gap with non-US countries decreased by CAD 1.3 billion to CAD 16.0 billion in the first quarter, mainly due to lower deficits with Korea and the Netherlands and a higher surplus with the UK. Meantime, the surplus with the United States narrowed by CAD 2.7 billion to CAD 7.1 billion.

Total exports of goods increased by CAD 1.5 billion to CAD 139.3 billion in the first quarter of the year. Exports of energy products edged up by CAD 2.2 billion, mostly on higher crude petroleum prices and volumens. 

Total imports of goods rose by CAD 3.0 billion to CAD 148.2 billion. Imports of motor vehicles and parts went up by CAD 1.5 billion, boosted by higher volumes. Also, purchases of energy products and basic and industrial chemical, plastic and rubber increased by CAD 0.7 billion each one.

The non-goods deficit narrowed by CAD 0.2 billion to CAD 6.2 billion in the first quarter from a CAD 6.4 billion in the fourth quarter of 2017, mainly due to a higher commercial services surplus. The surplus on commercial services rose by CAD 0.3 billion, as exports advanced more than imports. These gains were led by stronger financial services. The travel deficit remained at CAD 3.7 billion, as higher receipts from foreigner visitors were offset by the Canadian travelers spending in the US.


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/30/2018 1:10:22 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-30 01:30 PM Current Account C$-19.4B C$-15.6B C$-19.5B C$ -16.8B
2018-03-01 01:30 PM Current Account C$-16.4B C$-18.6B C$-17.8B C$ -19B
2018-05-30 12:30 PM Current Account C$-19.5B C$-16.5B C$-18B C$ -17B
2018-08-29 12:30 PM Current Account C$-19.5B C$ -19.4B
2018-11-29 01:30 PM Current Account C$ -18.7B


Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -2771.20 -1864.20 8524.80 -4127.40 CAD Million [+]
Exports 48344.20 48396.80 48396.80 1366.00 CAD Million [+]
Imports 51115.40 50261.00 51734.80 1112.00 CAD Million [+]
Current Account -19496.00 -16486.00 12230.00 -20197.00 CAD Million [+]
Current Account to GDP -3.00 -3.30 2.70 -4.20 percent [+]
External Debt 631.90 615.99 631.90 14.82 CAD Billion [+]
Terms of Trade 93.10 93.50 110.30 81.20 Index Points [+]
Foreign Direct Investment 17792.00 8333.00 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 3980.00 3981.00 4287.00 955.00 BBL/D/1K [+]
Terrorism Index 2.96 2.52 3.00 0.65 [+]
Tourist Arrivals 1883642.00 1879690.00 7006165.00 1138895.00 [+]
Weapons Sales 87.00 144.00 469.00 38.00 USD Million [+]

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



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). 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-19496.00 -16486.00 12230.00 -20197.00 1946 - 2018 CAD Million Quarterly




current account by Country
Country Last
Australia -10469.00 Mar/18
Brazil 729.20 May/18
Canada -19496.00 Mar/18
China -341.00 Mar/18
Euro Area 26.20 Apr/18
France -2917.00 May/18
Germany 12588.73 May/18
India -13000.00 Mar/18
Indonesia -5500.00 Mar/18
Italy 3009.00 Apr/18
Japan 1938.30 May/18
Mexico -6940.80 Mar/18
Netherlands 21821.00 Mar/18
Russia 22300.00 Jun/18
South Korea 8680.00 May/18
Spain -1516.00 Apr/18
Switzerland 18134.28 Mar/18
Turkey -5890.00 May/18
United Kingdom -17720.00 Mar/18
United States -124105.00 Mar/18


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