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- Canada’s current account deficit widens to CAD7.5 billion in Q3
Canada’s current account deficit widens to CAD7.5 billion in Q3
Statistics
Canada reported on Monday that the country’s current account (C/A) gap widened
by CAD0.5 billion to CAD7.5 billion in the third quarter of 2020 from a downwardly
revised CAD7.0-billion deficit in the previous thee-month period (originally a
gap of CAD8.6 billion).
Economists had
expected a CAD9.1-billion shortfall.
According to
the report, the expansion in C/A deficit reflected a larger deficit in trade in
goods and services (+CAD0.7 billion to CAD8.2 billion in the third quarter),
which was moderated by a higher investment income surplus (+CAD0.4 billion to CAD1.7
billion in the third quarter).
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