Statistics
Canada reported on Monday that the country’s current account (C/A) surplus remained
unchanged at CAD1.37 billion in the third quarter of 2021 compared to a downwardly
revised CAD1.37-billion surplus in the previous three-month period (from a
surplus of CAD3.58 billion).
Economists had projected a CAD4.80-billion surplus for
the third quarter.
According
to the report, the Q3 C/A surplus reflected an increase in trade in goods surplus
(+CAD2.81 billion to CAD3.06 billion in the third quarter), which was largely offset
by a decline in investment income surplus (-CAD3.07 billion to CAD0.42 billion).