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For additional information relating to this article, please contact:

Doug McCann Research and Statistics Officer
Tel: 902-424-2141Email: Douglas.McCann@novascotia.ca

August 30, 2017
CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2017Q2

2nd QUARTER

 

In Canada 2nd Quarter 2017 the seasonally adjusted current account deficit increased $3.4 billion over the 1st  quarter 2016 to $16.3 billion.

                                                                     

In the 1st quarter 2017:

  • exports (receipts) of goods and services increased $4.7 billion to $171.4  billion, while imports (payments) of goods and services increased $7.8 billion to $182.1 billion. The resulting international goods and services trade deficit increased $3.0 billion to $10.7 billion.
  • primary income receipts increased $624 million to $26.1 billion, while payments increased $1.117 billion to $31.2 billion. The resulting international primary income deficit increased $493 million to $5.0 billion.
  • secondary income receipts increased $156 million to $3.1 billion, while payments increased $25 million to $3.7 billion. The resulting international transfers deficit decreased $131 million to $582 million.
  • with trade deficit increasing ($4.7 bil); primary income deficit increasing ($25 mil); and secondary income deficit declining ($131 mil), the current account deficit increased by $3.4 billion to $16.3 billion.

 

CANSIM 376-0105 and

376-0012, 376-0013; 376-0101 to 376-0108;
376-0121, 376-0122 and 376-124)



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