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- Canada’s current account deficit widens slightly less than forecast in Q1
Canada’s current account deficit widens slightly less than forecast in Q1
Statistics
Canada reported the country’s current account (C/A) gap widened by CAD0.7
billion to CAD17.3 billion in the first quarter of 2019 from an upwardly
revised CAD16.6 billion in the previous period (originally a gap of CAD15.5
billion).
Economists had
expected a CAD18 billion shortfall.
According to
the report, wider C/A deficit reflected a higher trade in goods and services
deficit (+CAD1.2 billion to CAD9.1 billion in the first quarter), which,
however, was moderated by a lower investment income deficit (-CAD0.2 billion to
CAD1.2 billion).
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