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REFILE-Canada Q2 current account deficit narrows to C$6.38 billion

Published 2019-08-29, 09:24 a/m
REFILE-Canada Q2 current account deficit narrows to C$6.38 billion

(Corrects headline to show that deficit is C$6.38 billion, not $6.38 bln)

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)

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