Canada Q2 current account deficit narrows to C$8.63 billion


OTTAWA, Aug 27 (Reuters) - Canada's current account deficit narrowed to C$8.63 billion ($6.57 billion) in the second quarter from a revised C$13.22 billion deficit in the first quarter, on a lower trade deficit on both goods and services, Statistics Canada said on Thursday.

Seasonally adjusted figures in billions of Canadian dollars:

Q2 2020 Q1(Rev) Q1(Prev) Q2 2019

Current Account

-8.626 -13.216 -11.093



-7.688 -8.677




-0.171 -4.484



Investment Income

+0.726 +1.854



NOTE: Analysts had on average forecast a current account deficit of C$12.20 billion for the second quarter of 2020. Figures are seasonally adjusted.

($1=$1.3142 Canadian)

(Reporting by Dale Smith; Editing by Julie Gordon)((; Reuters Ottawa Bureau +1 613 235 6745))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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