Canada posted a current account surplus of CAD 1.4 billion in the third quarter of 2021, the same value as the downwardly revised reading in the previous quarter. Prior to 2021, Canada had continuous current account deficits from the fourth quarter of 2008 until the end of 2020. The surplus reflected a positive change in the goods account, largely offset by a decline in the investment income surplus. The goods balance was positive for the third consecutive quarter, led by higher prices for energy products, while imports of motor vehicles slightly increased but remained lower than pre-pandemic levels, due to the semiconductor chip shortage. At the same time, the services deficit narrowed due to a lower travel surplus and a widened transport deficit, as the number of Canadian and foreign tourists reached the highest level since the pandemic due to lower pandemic related restrictions. source: Statistics Canada
Current Account in Canada averaged -2645.07 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 December of 2021.
Current Account in Canada is expected to be -1800.00 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 2022 and -15600.00 CAD Million in 2023, according to our econometric models.