Current Account Deficit Notably Smaller Than Expected In Q2

CANADA DATA

Canada's current account deficit came in notably smaller than expected in Q2 as it widened to -CAD6.6b (cons -11.45b) from a smaller than first thought -CAD3.17b (initial -6.17b) - all in seasonally adjusted terms.
The change on the quarter was led by goods while service and income moderated. Trade in goods balance posted the first deficit since Q2 2021 at -CAD6.1b as exports decrease by -3.9%.
Turning to the financial account, both Canadian direct investment abroad and foreign direct investment in Canada slowed to their lowest levels in more than two years.

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Canada's current account deficit came in notably smaller than expected in Q2 as it widened to -CAD6.6b (cons -11.45b) from a smaller than first thought -CAD3.17b (initial -6.17b) - all in seasonally adjusted terms.
The change on the quarter was led by goods while service and income moderated. Trade in goods balance posted the first deficit since Q2 2021 at -CAD6.1b as exports decrease by -3.9%.
Turning to the financial account, both Canadian direct investment abroad and foreign direct investment in Canada slowed to their lowest levels in more than two years.

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