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May 28, 2026CANADA'S BALANCE OF INTERNATIONAL PAYMENTS Q1 2026 
Quarter-over-quarter (all countries, seasonally adjusted, Q1 2026 vs. Q4 2025)
Canada's current account receipts increased $9.4 billion to $343.2 billion while current account payments increased $15.6 billion to $350.4 billion. The resulting net current account deficit widened by $6.2 billion to $7.2 billion.
Goods exports were up $7.7 billion to $203.3 billion while goods imports were up $11.0 billion to $211.0 billion. As a result, the goods balance deficit widened to $7.7 billion.
Services exports were up $743 million to $61.6 billion while services imports decreased $67 million to $60.3 billion. The services surplus increased $811 million to $1.3 billion.
Primary income receipts decreased $259 million to $71.7 billion while primary income payments increased $4.4 billion to $72.5 billion. The primary income surplus fell by $4.7 billion, becoming a deficit of $783 million.
Secondary income receipts increased $1.2 billion to $6.7 billion while secondary income payments increased by $239 million to $6.7 billion. The resulting $995 million reduction in the secondary income balance eliminated the secondary income deficit. This was the first time Canada's secondary income balance was not in a deficit since Q2 2016.
Source: Statistics Canada. Table 36-10-0018-01 Balance of international payments, current account, seasonally adjusted, quarterly (x 1,000,000)
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