Canada's current account deficit (on a seasonally adjusted basis) expanded by $4.3 billion in the fourth quarter to reach $13.9 billion. The figures from StatsCan reveal the biggest deficit for a year, largely driven by the lower price of oil exports. The balance on international trade in goods recorded a $2.0 billion deficit in the fourth quarter, following a $2.9 billion surplus in the previous quarter but for 2014 as a whole, the balance on goods expanded by $12.1 billion to reach a surplus of $4.9 billion. Meanwhile foreign investment in Canadian securities fell to a six year low with investors buying $0.3 billion in the fourth quarter, down from $20.1 billion in the previous quarter.
More market talk: