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Monday, June 21, 2021

Canada Q1 current account balance +$1.18B vs +$2.50B expected

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Canada Q1 current account balance +$1.18B vs +$2.50B expected






























































Canada current account data

  • Prior was -$7.26B
  • This was the first surplus since the third quarter of 2008
  • Trade in goods and services balance recorded a $2.1 billion surplus in the first quarter, the first positive balance since 2008
  • The investment income surplus declined by $4.9 billion to $1.0 billion in the first quarter
  • Direct investment in Canada amounted to $19.6 billion in the first quarter, the highest level since the second quarter of 2019
  • Direct investment in Canada was mainly in energy and mining, as well as in manufacturing, in the first quarter
  • Canadian investors acquired $37.4 billion of foreign securities in the
    first quarter, following a significant investment of $42.5 billion in
    the previous quarter
  • foreign investment in Canadian securities slowed to $12.7 billion in the
    first quarter, compared with a $21.9 billion investment in the previous
    quarter.

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