OTTAWA, Aug 29 (Reuters) - Canada's current account deficit narrowed to C$6.38 billion ($4.80 billion) in the second quarter from a revised C$16.63 billion deficit in the first quarter, on a lower deficit on goods, Statistics Canada said on Thursday. This was the lowest deficit since Canada returned to a deficit position in 2008.
Seasonally adjusted figures in billions of Canadian dollars:
Q2 2019 Q1(Rev) Q1(Prev) Q2 2018
Current Account
-6.384 -16.629 -17.347 -15.372
Goods
-0.309 -8.873
-9.143
-5.164
Services
-5.158 -5.889
-6.035
-6.832
Investment Income
+0.159 -0.768
-1.173
-1.979
NOTE: Analysts had on average forecast a current account deficit of C$9.80 billion in the second quarter of 2019. Figures are seasonally adjusted.
($1=$1.3287 Canadian)