Canada Q4 current account balance -$7.3B vs -$8.0B expected

Author: Adam Button | Category: News

Canada Q4 current account data

Canada current account
  • Prior was -$7.53B
  • The deficit in trade in goods and services dropped $421 million to $9.2 billion
  • Direct investment in Canada amounted to $2.5 billion in the fourth quarter-the lowest level in nine years
  • Canadian investors acquired an unprecedented $42.5 billion of foreign securities in the fourth quarter. This activity was led by record purchases of foreign-predominantly US-shares, totaling $35.4 billion
  • Foreign investment in Canadian securities was $23.8 billion in the fourth quarter, up from $11.8 billion in the third quarter.
  • The annual  current account deficit dropped $4.7 billion to $42.7 billion in 2020
I suspect we will second fresh records in this series before long, unless oil prices keep on rising.
Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose