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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 30, 2019
CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2019Q1

1ST QUARTER

 

In Canada Q1 2019, the seasonally adjusted current account deficit increased $731 million to $17.3 billion over Q4 2018.

                                                                     

In Q1 2019,

  • exports (receipts) goods and services increased $2,342 million to $177.1 billion, while imports (payments) goods and services increased $3,591 million to $192.3 billion over Q4 2018. The resulting international goods and services trade deficit increased $1,249 million to $15.2 billion over Q4 2018.
  • primary income receipts increased $179 million to $35.3 billion over Q4 2018, while primary income payments decreased $71 million to $37.1 billion over Q4 2018. The resulting international primary income trade deficit decreased $250 million to $1.8 billion over Q4 2018.
  • secondary income receipts increased $22 million to $3.7 billion over Q4 2018, while secondary income payments decreased $246 million to $4.1 billion over Q4 2018. The resulting international secondary income trade deficit decreased $268 million to $0.4 billion over Q4 2018.
  • with the international goods and services trade deficit increasing ($1,249 million); the international primary income trade deficit decreasing ($250 million);  the international secondary income trade deficit decreasing ($268 million);  the seasonally adjusted current account deficit increased $731 million to $17.3 billion.

 

FIRST QUARTER BALANCE OF PAYMENTS WITH THE UNITED STATES

In Canada Q1 2019, the seasonally adjusted United States current account surplus  decreased $642 million to $1.7 billion over Q4 2018.

In Q1 2019,

  • exports (receipts) goods and services increased $548 million to $122.1 billion, while imports (payments) goods and services increased $1,213 million to $117.5 billion over Q4 2018. The resulting international goods and services trade surplus decreased $664 million to $4.6 billion over Q4 2018.
  • primary income receipts increased $293 million to $17.4 billion over Q4 2018, while primary income payments increased $444 million to $21.3 billion over Q4 2018. The resulting international primary income trade deficit increased $151 million to $3.9 billion over Q4 2018.
  • secondary income receipts increased $378 million to $2.3 billion over Q4 2018, while secondary income payments increased $206 million to $1.3 billion over Q4 2018. The resulting international secondary income trade surplus increased $174 million to $1.1 billion over Q4 2018.
  • with the international goods and services trade surplus decreasing ($664 million); the international primary income trade deficit increasing ($151 million);  the international secondary income trade surplus increasing ($174 million); the seasonally adjusted United States current account surplus decreased $642 million to $1.7 billion.

 

 REFERENCES

STATISTICS CANADA

Table: 36-10-0018-01  Quarterly

Table: 36-10-0016-01  Quarterly by country (i.e US)

 

 



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