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- Canada’s current account deficit narrows to CAD8.6 billion in Q2
Canada’s current account deficit narrows to CAD8.6 billion in Q2
Statistics
Canada reported on Thursday that the country’s current account (C/A) gap narrowed
by CAD4.6 billion to CAD8.6 billion in the second quarter of 2020 from an
upwardly revised CAD13.2 billion in the previous three-month period (originally
a gap of CAD11.1 billion).
Economists had
expected a CA12.2-billion shortfall.
According to
the report, the reduction in C/A deficit reflected a lower deficit in trade in
goods and services (-CAD5.3 billion to CAD7.9 billion in the second quarter) and
was moderated by a lower surplus for investment income (-CAD1.1 billion to CAD0.7 billion in the second quarter).
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