Canada's current account balance (on a seasonally adjusted basis) posted a $1.2 billion surplus in the first quarter after recording a $5.3 billion deficit in the fourth quarter of 2020. This was the first surplus since the third quarter of 2008. The surplus in the first quarter mostly reflected the first positive trade in goods and services balance since 2008, which was partially offset by a lower investment income surplus. The goods balance posted a slight surplus in the first quarter, while the services balance remained in an unusual surplus position in the context of the COVID-19 pandemic. In comparison, the last ... (full story)