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For additional information relating to this article, please contact:

Thomas Storring	Director – Economics and Statistics
Tel: 902-424-2410	Email: thomas.storring@novascotia.ca

February 28, 2019
CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2018Q4 AND ANNUAL

4TH QUARTER

 

In Canada Q4 2018, the seasonally adjusted current account deficit increased $5.4 billion to $15.5 billion over Q3 2018.

                                                                     

In Q4 2018,

• exports (receipts) goods and services decreased $7.3 billion to $175.1 billion, while imports (payments) goods and services decreased $1.1 billion to $188.5 billion over Q3 2018. The resulting international goods and services trade deficit increased $6.1 billion to $13.4 billion over Q3 2018.
• primary income receipts increased $1,466 million to $34.9 billion while primary income payments increased $744 million to $36.4 billion over Q3 2018. The resulting international primary income trade deficit decreased $723 million to $1.5 billion over Q3 2018.
• secondary income receipts increased $293 million to $3.7 billion over Q3 2018, while secondary income payments increased $285 million to $4.2 billion over Q3 2018. The resulting international secondary income trade deficit decreased $8 million to $0.5 billion over Q3 2018.
• with the international goods and services trade deficit increasing ($6,106 million); the international primary income trade deficit decreasing ($723 million); the international secondary income trade deficit decreasing ($8 million); the seasonally adjusted current account deficit increased $5.4 billion to $15.5 billion.

  

ANNUAL

In Canada 2018, the seasonally adjusted current account deficit decreased $1.4 billion to $58.7 billion over 2017.

In 2018,

• exports (receipts) goods and services increased $42.4 billion to $706.1 billion, while imports (payments) goods and services increased $39.1 billion to $753.2 billion over 2017. The resulting international goods and services trade deficit decreased $3.3 billion to $47.1 billion over 2017.
• primary income receipts increased $13.6 billion to $131.1 billion while primary income payments increased $15.9 billion to $140.3 billion over 2017. The resulting international primary income trade deficit increased $2.3 billion to $9.2 billion over 2017.
• secondary income receipts increased $1.3 billion to $13.8 billion over 2017, while secondary income payments increased $799 million to $16.1 billion over 2017. The resulting international secondary income trade deficit decreased $494 million to $2.4 billion over 2017.

  

BALANCE OF PAYMENTS WITH THE UNITED STATES

In Canada 2018, the seasonally adjusted current account surplus with the United States increased $11.7 billion to $20 billion over 2017.

 

BALANCE OF PAYMENTS WITH OTHER COUNTRIES

 In Canada 2018, the seasonally adjusted current account deficit with the non-United States global market increased $10.2 billion to $78.7 billion over 2017.

 

 

 

 

 

   

 

 CANSIM 

Table: 36-10-0018-01 (formerly CANSIM  376-0105) Quarterly

Table: 36-10-0014-01 (formerly CANSIM  376-0101) annual by country (i.e US)

 

 

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