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Canada’s Current Account Deficit Smallest in Six Years

Posted November 28, 2014

Under Economic Issues, International Trade Issues

(Market Business News)

Canada posted its narrowest current account deficit since 2008 in Q3 2014, as deficits in tourism and investment fell and non-energy exports surged, Statistics Canada reported on Thursday.

Canada’s current account deficit came in at C$8.4 billion for the Jul-Sept period. The second-quarter estimate was also revised down from C$11.9 billion to C$9.91 billion. Read more here.