Home Canada: Current account deficit widens to C$9.86 billion in Q3
FXStreet News

Canada: Current account deficit widens to C$9.86 billion in Q3

  • Current account deficit in Canada widened more than expected in Q3.
  • USD/CAD stays quiet on Thanksgiving Day holiday in US.

Canada’s current account deficit widened to C$9.86  billion  in the third quarter from C$6.74 billion deficit in the second quarter, the data published by  Statistics Canada showed on Thursday. This reading  

“The overall deficit on trade in goods and services rose by $2.4 billion, on a higher goods deficit,” the publication read. “International transactions in services moderated the overall increase in the current account deficit in the third quarter. The commercial services surplus was up, while the travel deficit narrowed in the quarter.”

The USD/CAD pair ignored the data and was last seen trading at 1.3288, adding 0.05% on the day.

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.