Current Account in Canada

Canada Current Account | Economic News & Forecasts

Canada - Current Account

The economy lost momentum in the third quarter of the year, with the quarter-on-quarter SAAR expansion decelerating notably from the second quarter. The slowdown came on the back of a near halving in private consumption growth as consumers held back their spending on durable goods. Moreover, government consumption slowed in Q3, while fixed investment decreased at the fastest pace in nearly two years, driven by lower business investment. The economy’s bright spot came from the external sector, which delivered the largest contribution to the headline reading in just under two years. However, this was only due to a significant decrease in imports. Turning to the fourth quarter, recent data appears more encouraging. The PMI reading for the private sector remained well in expansionary territory in November, and, in the same month, the unemployment rate fell to the lowest level since the present-day records began in 1976.

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

ValueChangeDate
Bond Yield1.971.00 %Jan 15
Exchange Rate1.330.15 %Jan 16
Stock Market15,1110.23 %Jan 16

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