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. This page provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. 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.

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Canada Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-9855.00 -6740.00 12492.00 -20035.00 1946 - 2019 CAD Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 01:30 PM Q4 C$-15.5B C$-10.1B C$-13.5B C$-11B
2019-05-30 12:30 PM Q1 C$-17.35B C$-16.62B C$-18B C$-16.8B
2019-08-29 12:30 PM Q2 C$-6.38B C$-16.63B C$-9.8B C$-11B
2019-11-28 01:30 PM Q3 C$-9.86B C$-6.74B C$-9.0B C$-9B
2020-02-27 01:30 PM Q4 C$-9.86B C$-14B

News Stream
Canada Current Account Deficit Smallest Since 2008
Canada's current account gap narrowed by CAD 10.2 billion to CAD 6.4 billion in the second quarter of 2019 from a downwardly revised CAD 16.6 billion in the previous period and compared with market expectations of a CAD 9.8 billion shortfall. It was the smallest current account gap since Canada returned to a deficit position at the end of 2008, reflecting a much lower deficit on goods.

Canada Current Account Deficit Widest Since 2016
Canada's current account gap widened by CAD 0.7 billion to CAD 17.3 billion in the first quarter of 2019 from a upwardly revised CAD 16.6 billion in the previous period and compared to market expectations of a CAD 18 billion shortfall. It was the biggest current account gap since the second quarter of 2016, reflecting a higher trade in goods and services deficit, and moderated by a lower investment deficit.

Canada Current Account Gap Widens in Q4
Canada's current account deficit increased by CAD 5.4 billion in the fourth quarter of 2018 to CAD 15.5 billion from a downwardly revised 10.1 billion in the previous period and compared with market consensus of a CAD 13.5 billion shortfall. A higher deficit in goods and services was only moderated by a lower investment income gap.

Canada Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Canada Trade Last Previous Highest Lowest Unit
Balance of Trade -1088.90 -1606.80 8524.80 -4953.10 CAD Million [+]
Current Account -9855.00 -6740.00 12492.00 -20035.00 CAD Million [+]
Current Account to GDP -2.60 -2.80 2.70 -4.20 percent [+]
Imports 49783.50 51004.00 52433.30 1112.00 CAD Million [+]
Exports 48694.60 49397.20 52554.20 1366.00 CAD Million [+]
External Debt 2694641.00 2736179.00 2736179.00 795408.00 CAD Million [+]
Terms of Trade 92.50 91.50 108.50 79.10 points [+]
Foreign Direct Investment 13386.00 23066.00 50326.00 -8640.00 CAD Million [+]
Capital Flows 0.00 0.00 4632.00 -672.00 CAD Million [+]
Gold Reserves 0.00 0.00 46.20 0.00 Tonnes [+]
Crude Oil Production 4390.00 4320.00 4520.00 955.00 BBL/D/1K [+]
Terrorism Index 3.59 3.53 3.59 0.65 [+]
Tourist Arrivals 1787047.00 2432630.00 7006165.00 1138895.00 [+]
Weapons Sales 84.00 64.00 473.00 38.00 USD Million [+]