Canada Has 2nd-Largest Current Account Deficit on Exports
This article is for subscribers only.
Canada’s current account deficit widened to the second largest on record from July through September as exports of goods fell faster than imports, suggesting stresses from weak global demand remain.
The shortfall grew to C$18.9 billion ($19.1 billion) in the third quarter from C$18.4 billion in the previous three months, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg forecast a C$19.2 billion deficit, according to the median of 16 responses.