Canadian current account deficit narrowed in Q2

Canadian current account deficit narrowed in Q2

Canadian current account deficit narrowed in Q2 Canada’s current account deficit narrowed in the second-quarter of 2015 to $17.4 billion, down $0.7 billion (seasonally adjusted figures). The deficit on international trade of goods was down $0.3 billion to $6.7 billion. The trade surplus with the US was driven by oil exports and expanded by $2.5 billion while the trade deficit with other countries widened to a record $15.7 billion. The deficit on international trade in services narrowed $0.2 billion to $5.5 billion in the second quarter.