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May 30, 2022CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2022Q1 
Current Account - All Countries (Seasonally adjusted, 2022Q1 vs. 2021Q4)
In Canada, the current quarter over the previous quarter, current account receipts increased $7.8 billion to $259.1 billion, while current account payments increased $2.6 billion to $254.1 billion. The resulting net current account changed from a deficit to a surplus of $5.0 billion.
Export goods and services increased $9.2 billion to $215.7 billion while import goods and services increased $4.1 billion to $209.2 billion. The resulting net goods and services surplus widened by $5.1 billon to $6.4 billion .
Primary income receipts decreased $1.1 billion to $39.4 billion while imports primary income decreased $1.5 billion to $39.3 billion. The resulting net primary income changed from a deficit to a surplus of $0.1 billion.
Secondary income receipts decreased $0.3 billion to $4.1 billion while imports secondary income increased $0.1 billion to $5.5 billion. The resulting net secondary income deficit widened by $0.4 billon to $1.5 billion.
CANADA'S BALANCE OF PAYMENTS WITH THE UNITED STATES
CANADA’S BALANCE OF PAYMENTS WITH THE UNITED STATES (Unadjusted, 2022Q1)
In Canada, the current quarter over the previous quarter, current account receipts with the United States increased 4.9% ($8.4 billion) to $180.8 billion while current account payments decreased 0.4% ($0.5 billion) to $146.6 billion. Net current account widened by 35.5% (+$8.9 billion) to +$34.2 billion.
Export goods and services receipts increased 5.7% ($8.6 billion) to $158.9 billion while import goods and services payments increased 0.5% ($0.6 billion) to $125.3 billion. Net goods and services widened by 31.0% (+$7.9 billion) to +$33.6 billion.
Primary income receipts decreased 1.2% ($0.2 billion) to $19.3 billion while primary income payments decreased 6.5% ($1.4 billion) to $19.8 billion. The resulting net primary income deficit narrowed by 67.7% ($1.1 billion) to -$0.5 billion.
Secondary income receipts increased 4.7% ($0.1 billion) to $2.6 billion while secondary income payments increased 21.1% ($0.3 billion) to $1.4 billion. Net secondary income narrowed by 10.8% (+$0.1 billion) to +$1.1 billion.
CITATIONS
Statistics Canada. Table 36-10-0014-01: Quarterly Balance of international payments, current account and capital account annual (x1,000,000)
Statistics Canada. Table 36-10-0016-01 Balance of international payments, current account and capital account, quarterly (x 1,000,000)
Statistics Canada. Table 36-10-0018-01 Balance of international payments, current account and capital account, quarterly (x 1,000,000)
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