Canada First Quarter Current Account Report (Text)
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Following is the text of Canada's current account report for the first quarter released by Statistics Canada.
Canada's current account deficit (on a seasonally adjusted basis) with the rest of the world declined for the second consecutive quarter to reach $8.9 billion in the first quarter, led by a larger goods surplus. The $1.4 billion decline in the current account deficit was largely attributable to strong export volumes of energy products.