Canada current account data for Q2 2021
- Prior was a surplus of 1.18B
- Trade surplus of $1.8B
- Exports +0.9B, imports +0.5B q/q
- Investment income surplus +1.7B
- Canadians bought a record $57.2B of foreign securities
- Foreign investment in Canadian securities $50.3B
- Direct investment abroad $22.2B
- Direct investment in Canada $12.0B
This is the second consecutive current account surplus after an unbroken streak of deficits from 2008 through 2020. This report isn't a driver for CAD but offers some hints at the things that helped it to the top of the G10 FX pile in H1.
