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Canada's balance of international payments, fourth quarter 2022
Canada's current account balance (on a seasonally adjusted basis) recorded a $10.6 billion deficit in the fourth quarter, up $2.2 billion from the previous quarter. The higher deficit mainly reflected a deterioration of the investment income balance, while the goods and services deficit narrowed slightly. In the financial account (unadjusted for seasonal variation), inflows of funds from abroad to finance the current account deficit mainly came from transactions in securities and, to a lesser extent, foreign direct investment. Transactions in securities resulted in a $31.9 billion inflow of funds in the Canadian ... (full story)