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Q4 Current Account Deficit -CAD1.6B From -CAD3.1B On Oil Exports

CANADA DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Canada's current account deficit -CAD1.6B in Q4 after -CAD3.1B in Q3.
  • Narrower deficit was a result of the goods trade balance, with surplus widening to +CAD3B from +CAD0.4B. Energy exports +CAD5.3b led by crude oil.
  • Trade in services deficit -CAD1.8B in Q4.
  • Current account deficit widened CAD7.4B to -CAD17.8B in 2023, led by trade in goods deficit.
  • Financial account, foreign investment caused outflows of -CAD21.5B in Q4 while foreign direct investment in Canada +CAD11.3B. In 2023, Canadian acquisitions abroad surpassed foreign acquisitions in Canada.
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  • Canada's current account deficit -CAD1.6B in Q4 after -CAD3.1B in Q3.
  • Narrower deficit was a result of the goods trade balance, with surplus widening to +CAD3B from +CAD0.4B. Energy exports +CAD5.3b led by crude oil.
  • Trade in services deficit -CAD1.8B in Q4.
  • Current account deficit widened CAD7.4B to -CAD17.8B in 2023, led by trade in goods deficit.
  • Financial account, foreign investment caused outflows of -CAD21.5B in Q4 while foreign direct investment in Canada +CAD11.3B. In 2023, Canadian acquisitions abroad surpassed foreign acquisitions in Canada.