Canada Second Quarter Current Account Report (Text)
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Following is the text of Canada's current account report for the second quarter released by Statistics Canada.
Canada's overall current account deficit (on a seasonally adjusted basis) widened by $5.3 billion to reach $15.3 billion in the second quarter. This deterioration in the current account balance was largely equivalent to the change in the trade in goods balance from a $1.8 billion surplus to a $3.5 billion deficit, as imports increased further and exports declined.