Current Account in Canada

Canada Current Account | Economic News & Forecasts

Canada - Current Account

Growth likely picked up in Q1 in SAAR terms following a much weaker-than-predicted Q4 last year, helped by a supportive base effect and inventory accumulation. In January, the economy outperformed expectations, driven by broad-based expansions in almost all industries, particularly construction and manufacturing. However, the expansion in Q1 was likely still modest overall. The unemployment rate ticked up in the quarter, while retail sales were muted in the first two months of the year, suggesting subdued household spending. Moreover, the manufacturing PMI maintained a downward trajectory throughout the quarter, suggesting the sector posted only a meager expansion. In political news, on 15 April the government discretely reduced retaliatory tariffs on some U.S. imports in a bid to proactively avoid losing domestic jobs. However, the move could in turn reduce pressure on the Trump administration to lift tariffs on Canadian steel and aluminum.

Canada - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -2.4  -3.6  -3.2  -2.9  

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Canada Current Account Chart

Canada Current Account
Note: Current account balance as % of GDP.
Source: Statistics Canada and Met the why particular calculations.

Canada Facts

Bond Yield1.731.00 %May 11
Exchange Rate1.350.15 %May 13
Stock Market16,1930.23 %May 13

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