Current Account in Canada

Canada Current Account | Economic News & Forecasts

Canada - Current Account

The economy appears to have ended 2018 on a weaker note according to available Q4 data. Economic activity contracted month-on-month in November, dragged noticeably by the wholesale trade and manufacturing sectors, although one-time factors such as postal strikes and extreme weather may well have depressed the headline reading. Moreover, in seasonally-adjusted month-on-month terms, retail sales declined as did annualized consumer credit in December, while manufacturing sales fell throughout Q4. Looking ahead to Q1, momentum remains dim, with January’s Markit manufacturing PMI posting the weakest expansion in over two years. In the same month the housing market was soft, and the unemployment rate grew, albeit, due to more people looking for work. More positively, Alberta recently decided to increase its oil production cap for February and March, which should support the oil sector in Q1.

Canada - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -2.4  -3.6  -3.2  -2.9  

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Canada Current Account Chart

Canada Current Account
Note: Current account balance as % of GDP.
Source: Statistics Canada and FocusEconomics calculations.

Canada Facts

Bond Yield1.761.00 %Mar 08
Exchange Rate1.340.15 %Mar 11
Stock Market16,1060.23 %Mar 11

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