Canada’s Current Account Gap Grows

Statistics Canada said this morning that Canada’s current account deficit increased in the third quarter to a record high of C$13.12 billion (US$12.44 billion). Both exports and imports increased in the period but imports grew faster, leading to a new high in the deficit in trade in goods at C$3.98 billion.

Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.