Canada's current account deficit (on a seasonally adjusted basis) narrowed to $3.2 billion in the third quarter after recording larger deficits in the first two quarters of 2023. This reduction mainly reflected the goods balance returning to a surplus, partially offset by a slight widening in the services deficit and a shrinking investment income surplus. Higher exports of goods, paired with a decline in imports, pushed the goods balance into a surplus of $0.8 billion in the quarter, with the remainder of the current account posting a $4.0 billion deficit. In the financial account (unadjusted for seasonal variation), ... (full story)