Canada's posted a CAD 1.2 billion current account surplus in the first quarter after recording a CAD 5.3 billion deficit in the fourth quarter of 2020. This was the first surplus since the third quarter of 2008, mostly reflecting the first positive trade in goods and services balance since 2008, which was partially offset by a lower investment income surplus. The goods balance posted a slight surplus, while the services balance remained in an unusual surplus position in the context of the COVID-19 pandemic. In comparison, the last surplus, observed in the third quarter of 2008, reflected a much stronger goods surplus, moderated by a services deficit to which travel services were the main contributor. source: Statistics Canada
Current Account in Canada averaged -2675.57 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 July of 2021.
Current Account in Canada is expected to be -5500.00 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 -14000.00 in 12 months time. In the long-term, the Canada Current Account is projected to trend around -15600.00 CAD Million in 2022, according to our econometric models.