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August 30, 2022CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2022Q2 
Current Account - All Countries (Seasonally adjusted, 2022Q2 vs. 2022Q1)
In Canada, current account receipts increased $28.1 billion to $289.2 billion, while current account payments increased $28.1 billion to $286.5 billion. The resulting net current account surplus remained the same at $2.7 billion.
Export goods and services increased $25.2 billion to $242.0 billion, while import goods and services increased $22.5 billion to $232.9 billion. The resulting net goods and services surplus widened by $2.7 billon to $9.1 billion.
Primary income receipts increased $2.4 billion to $42.6 billion, while imports primary income increased $5.7 billion to $48.3 billion. The resulting net primary income deficit widened by $3.3 billon to $5.7 billion.
Secondary income receipts increased $0.5 billion to $4.6 billion, while imports secondary income decreased $0.2 billion to $5.2 billion. The resulting net secondary income deficit narrowed by $0.6 billion to $0.7 billion.
CANADA'S BALANCE OF PAYMENTS WITH THE UNITED STATES
UNITED STATES
Canada’s Balance of Payments with the United States (Unadjusted, 2022Q2)
In Canada, current account receipts with the United States increased 13.5% ($24.7 billion) to $207.2 billion, while current account payments increased 14.8% ($21.7 billion) to $168.6 billion. Net current account widened by 8.5% (+$3.0 billion) to +$38.6 billion.
Export goods and services receipts increased 14.7% ($23.4 billion) to $182.5 billion, while import goods and services payments increased 13.9% ($17.5 billion) to $143.4 billion. Net goods and services widened by 17.8% (+$5.9 billion) to +$39.0 billion.
Primary income receipts increased 5.5% ($1.1 billion) to $22.0 billion, while primary income payments increased 22.9% ($4.5 billion) to $24.1 billion. The resulting net primary income changed from a surplus ($1.3 billion) to a deficit (-$2.0 billion).
Secondary income receipts increased 8.3% ($0.2 billion) to $2.7 billion, while secondary income payments decreased 17.5% ($0.2 billion) to $1.2 billion. Net secondary income widened by 41.3% (+$0.5 billion) to +$1.6 billion.
CITATIONS
Statistics Canada. Table 36-10-0014-01: Quarterly Balance of international payments, current account and capital account annual (x1,000,000)
Statistics Canada. Table 36-10-0016-01 Balance of international payments, current account and capital account, quarterly (x 1,000,000)
Statistics Canada. Table 36-10-0018-01 Balance of international payments, current account and capital account, quarterly (x 1,000,000)
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