Current account deficit rose $1.2B in fourth quarter: Statistics Canada
OTTAWA - Statistics Canada says the country's current account deficit increased $1.2 billion to $16 billion in the fourth quarter on a seasonally adjusted basis.
The agency said the increase was mostly due to a larger deficit on trade in goods.
The deficit on international trade in goods widened $1.4 billion to $2.7 billion in the fourth quarter, as exports fell and imports moved higher.
The trade surplus with the United States was down by $3.3 billion on stronger imports and weaker exports, both sides led by changes in crude petroleum.
The narrowing in the deficit with the rest of the world had a moderating effect, as imports of crude petroleum were down $1.6 billion.
Overall exports of goods were down $900 million to $120.1 billion, while total imports of goods were up $500 million to $122.9 billion
Read more Business News
- 2 killed in avalanche near Lake LouiseCanada
- Missing jet may have turned backWorld - 7:40 am
- Castanet's Week in ReviewKelowna - 5:00 am
- Someone is a 'Maxmillionaire' in VernonVernon / N. Okanagan
|QHR Technologies Inc||1.18||+0.02|
|Anavex Life Sciences||0.42||-0.018|
|Copper Mountain Mining||2.20||-0.09|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.295||0.00|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...