Canada Current Account

Last Release

Dec 31, 2024

Actual

-4,991

Units In

CAD Million

-3,200

Frequency

Quarterly

Next Release

May 29, 2025

Time to Release

2 Months 28 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
12,492 Dec 2005	-20,035 Sep 2010	-2,696.2 CAD Million	1946-2024	Statistics Canada

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Latest Updates

Canada's current account deficit widened to CAD 5.0 billion in Q4 2024, up from an upwardly revised CAD 3.6 billion in Q3 and far over market expectations of a CAD 3.2 billion deficit. Investment income surplus narrowed to CAD 1.0 billion from CAD 4.2 billion, driven by a significant increase in profits earned by foreign direct investors on their assets in Canada combined with higher payments of interest and dividends paid to foreign portfolio investors. Meanwhile, the goods account deficit was substantially lower at CAD 0.4 billion from CAD 3.2 billion, and the services account deficit widened to CAD 1.8 billion from CAD 0.3 billion. Foreign investors acquired CAD 49.8 billion in Canadian bonds during the quarter, while foreign direct investment in Canada remained at CAD 28.0 billion from CAD 28.0 billion in the prior quarter.