Prior was -5.37 billionGoods deficit increased to C$2.2 billion from near balance in Q1Services deficit narrowed to C$3.2 billion from C$4.3 billionInvestment income balance swung to C$0.6 billion deficit from C$1.3 billion surplus
Key Points:
Imports rose 2.0% to C$196.1 billion, led by motor vehicles and partsExports edged up 0.9% to C$139.9 billion on higher aircraft shipmentsForeign investment in Canadian securities surged to C$67.3 billion, highest since Q1 2022Foreign direct investment in Canada hit C$38.5 billion, strongest since 2007
While services exports improved, the goods balance deteriorated significantly. The swing to an investment income deficit is also concerning. However, strong foreign investment inflows, particularly in government bonds, helped finance the shortfal
This article was written by Adam Button at www.forexlive.com.
