Canada's current account gap widened by CAD 3.1 billion to CAD 9.9 billion in the third quarter of 2019 from an upwardly revised CAD 6.7 billion in the previous period and compared with market forecasts of a CAD 9 billion deficit. The goods and services shortfall increased, reflecting a higher goods deficit. Current Account in Canada averaged -2560.55 CAD Million from 1946 until 2019, 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. source: Statistics Canada
Current Account in Canada is expected to be -16000.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Canada to stand at -15000.00 in 12 months time. In the long-term, the Canada Current Account is projected to trend around -12265.54 CAD Million in 2020, according to our econometric models.