According to the latest report published by Statistics Canada, the country’s current account deficit, on a seasonally adjusted basis, increased by $3.0 billion in the first quarter to $19.5 billion amid higher deficits on trade in goods and investment income. Below are some key takeaways from the press release. In the financial account (unadjusted for seasonal variation), foreign direct investment activity was the largest contributor to the inflow of funds in the economy in the quarter. The deficit on international trade in goods and services increased by $1.2 billion to $15.2 billion in the first quarter, the largest deficit since the second quarter of 2016. The goods deficit rose by $1.5 billion from the previous quarter to $9.0 billion. Total exports of goods rose by $1.5 billion to $139.3 billion in the first quarter. Exports of energy products were up by $2.2 billion, on higher crude petroleum prices and volumes. Total imports of goods were up $3.0 billion to $148.2 billion. Imports of motor vehicles and parts increased by $1.5 billion, led by higher volumes. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany: Inflation surging, retail sales rising – ING FX Street 5 years According to the latest report published by Statistics Canada, the country's current account deficit, on a seasonally adjusted basis, increased by $3.0 billion in the first quarter to $19.5 billion amid higher deficits on trade in goods and investment income. Below are some key takeaways from the press release. In the financial account (unadjusted for seasonal variation), foreign direct investment activity was the largest contributor to the inflow of funds in the economy in the quarter. The deficit on international trade in goods and services increased by $1.2 billion to $15.2 billion in the first quarter, the largest deficit since… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
