Government of Nova Scotia, Canada

Home > Economics and Statistics > Archived Daily Stats
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

May 30, 2024

Quarter-over-quarter (all countries, seasonally adjusted, Q1 2024 vs. Q4 2023)

Canada's current account receipts increased $1.7 billion to $309.0 billion while current account payments increased $2.6 billion to $314.4 billion. The resulting net current account deficit widened by $0.9 billion to $5.4 billion.

Goods exports were down $2.5 billion to $191.7 billion while goods imports were up $0.7 billion to $192.8 billion. As a result, the goods balance changed from a surplus to a deficit of $1.1 billion.

Services exports were up $0.5 billion to $50.6 billion while services imports increased $0.02 billion to $54.3 billion. The services deficit narrowed by $0.5 billion to $3.6 billion.

Primary income receipts increased $3.1 billion to $61.5 billion while primary income payments increased $2.0 billion to $61.6 billion. The primary income deficit narrowed by $1.1 billon to $0.09 billion.

Secondary income receipts increased $0.61 billion to $5.2 billion while secondary income payments decreased by $0.24 billion to $5.73 billion. The resulting net secondary income deficit narrowed by $0.84 billion to $0.53 billion.

International trade in goods is the main determinant of Canada's balance of international payments, followed by primary income flows (including interest and divided income) and services trade.  Secondary income flows (such as remittances and overseas development assistance) represent a smaller portion of Canada's international balance of payments.

Source: Statistics Canada. Table 36-10-0018-01  Balance of international payments, current account, seasonally adjusted, quarterly (x 1,000,000)

<--- Return to Archive