Canada's current account deficit (on a seasonally adjusted basis) narrowed $0.4 billion in the third quarter to $16.2 billion. A lower deficit on trade in goods was partially offset by a higher deficit on cross-border investment income flows. In the financial account (unadjusted for seasonal variation), transactions in direct investment liabilities, largely foreign acquisitions of Canadian companies, led the inflows of funds into the economy. The deficit on international transactions in goods was reduced by $1.3 billion in the third quarter to $5.1 billion. After a large increase in the first quarter, Canada's trade ... (full story)