Canada Q3 current account -9.68 billion vs -16.50 billion expected | investingLive

• Prior was -21.16 billion (revised to -21.56 billion)

From the agency: “The decrease in the current account deficit in the third quarter was largely due to a narrowing of the trade in goods deficit, as exports increased in the quarter while imports decreased. The investment income and trade in services components also contributed to the overall narrowing of the current account deficit.

In the financial account (unadjusted for seasonal variation), inflows of funds from abroad to finance the current account deficit came primarily from foreign investment in Canadian debt securities. While Canadian investors continued to increase their exposure to US securities, foreign investors rekindled their demand for Canadian securities in the third quarter.”