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Canada's balance of international payments, first quarter2015
Canada's current account deficit (on a seasonally adjusted basis) expanded again in the first quarter, up $4.4 billion to $17.5 billion, after narrowing in the first three quarters of 2014. This change in direction over the last two quarters was mainly due to trade in goods, especially energy products. In the financial account (unadjusted for seasonal variation), Canadian investments abroad slowed in the first quarter, while foreign investment in Canada reached $62.1 billion. Foreign investment in Canadian bonds was the largest contributor to the net inflow of funds to the economy. The trade in goods deficit expanded ... (full story)