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  • Chalking Up Another Canadian Deficit

    From economics.bmo.com

    Canada’s current account deficit deepened to $8.5 bln ($33.9 bln a.r.) in Q2, following a $5.4 bln shortfall ($21.5 bln a.r.) in Q1. That is estimated at 1.1% of GDP (with the latter figures out tomorrow), the largest deficit in a year and a half. The wider goods trade deficit drove the deterioration as imports rose faster than exports. The size of the shortfall suggests we could get downward revisions alongside the July merchandise trade release next week. Meantime, the shortfall in the services trade account narrowed, while the income accounts’ deficits widened. There's one positive on the horizon, as goods ... (full story)

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  • Posted: Aug 29, 2024 4:11pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 3,929
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