Investing.com - Financial Markets Worldwide
📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

UPDATE 1-Canada Q1 current account deficit widens on weak crude prices

Published 2016-05-30, 08:39 a/m
© Reuters. UPDATE 1-Canada Q1 current account deficit widens on weak crude prices
CL
-

(Adds details of release, background)
OTTAWA, May 30 (Reuters) - Canada's current account deficit
widened to C$16.77 billion ($12.90 billion) in the first quarter
as weak crude oil prices dragged down the value of exports,
Statistics Canada said on Monday.
The shortfall matched a prediction by analysts in a Reuters
poll. Statscan revised the deficit for the fourth quarter of
2015 to C$15.71 billion from an initial C$15.38 billion.
The deficit on international transactions in goods deepened
to C$6.34 billion from C$5.04 billion. Overall, exports of goods
dropped by C$1.49 billion to C$130.36 billion as soft crude
prices cut the value of energy exports.
The overall deficit on international trade in services
narrowed by $171 million to C$5.65 billion as U.S. residents
increased their spending in Canada.
The deficit on cross-border investment income flows remained
virtually unchanged at C$3.41 billion.
($1=$1.30 Canadian)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.