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
- Fruit processing plant fireVernon / N. Okanagan - 10:10 am
- WWII bomber at airportPenticton / S. Okanagan - 1:00 pm
- Gangsters told to beat itKelowna - 5:00 am
- Highway re-openedBC - 11:12 am
|QHR Technologies Inc||1.19||+0.04|
|Anavex Life Sciences||0.33||-0.018|
|Copper Mountain Mining||2.83||+0.14|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.19||+0.01|
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...
Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...