Canada's current account deficit rose to CAD 11.1 billion in the first quarter of 2020 from an upwardly revised CAD 9.3 billion in the previous period and compared with market expectations of a CAD 10 billion shortfall. The goods and services deficit rose by CAD 1.3 billion to CAD 9.8 billion in the first quarter, the highest deficit in a year, while the services deficit expanded by CAD 0.3 billion to CAD 5.9 billion.,as commercial services surplus shrank CAD 0.4 billion. Meantime, the primary income deficit decreased to CAD 0.21 billion from CAD 0.67 billion in the prior period, while the secondary income gap rose to CAD 1.16 billion from CAD 0.13 billion.
Current Account in Canada averaged -2626.36 CAD Million from 1946 until 2020, 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 July of 2020. source: Statistics Canada
Current Account in Canada is expected to be -18000.00 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 -14500.00 in 12 months time. In the long-term, the Canada Current Account is projected to trend around -15800.00 CAD Million in 2021 and -15600.00 CAD Million in 2022, according to our econometric models.