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November 30, 2020CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2020Q3
Current Account - All Countries (Seasonally adjusted, 2020Q3 vs 2020Q2)
In Canada, the current account Receipts increased 17.3% ($29.3 billions) to $198.4 billion, while Payments increased 16.9% ($29.8 billions) to $205.9 billion. The resulting Current account deficit widened by $0.5 billions to $7.5 billion
- Exports Goods & Services Receipts increased 22.0% ($29.4 billions) to $163.5 billion while Imports Goods & Services Payments increased 21.3% ($30.2 billions) to $171.7 billion. The resulting Goods & Services trade deficit widened by $0.7 billions to $8.2 billion .
- Exports Primary Income Receipts increased 0.5% ($0.1 billions) to $31.2 billion while Imports Primary Income Payments decreased 0.8% ($0.2 billions) to $29.9 billion. The resulting Primary income surplus widened by $0.4 billions to $1.7 billion .
- Exports Secondary Income Receipts decreased 7.6% ($0.3 billions) to $3.3 billion while Imports Secondary Income Payments decreased 2.2% ($0.1 billions) to $4.3 billion. The resulting Secondary income deficit widened by $0.2 billions to $1.0 billion
Current Account - All Countries (Seasonally adjusted, 2020Q3 vs 2019Q3)
In Canada current account Receipts decreased 12.2% ($27.5 billions) while Payments decreased 13.2% ($31.4 billions) over the same quarter last year. Exports Goods & Services Receipts decreased 11.4% ($21.0 billions) while Imports Goods & Services Payments decreased 10.9% ($21.1 billions). As a result, Goods & Services narrowed by 0.3% ($22 millions)
- Exports Primary Income Receipts decreased 16.5% ($6.2 billions) while Imports Primary Income Payments decreased 24.9% ($9.9 billions). As a result, Primary Income changed 184.9% ($3.7 billions) to a surplus.
- Exports Secondary Income Receipts decreased 6.4% ($0.2 billions) while Imports Secondary Income Payments decreased 9.2% ($0.4 billions). As a result, Secondary trade deficit narrowed by 17.5% ($0.2 billions)
BALANCE OF PAYMENTS WITH THE UNITED STATES
Current Account - Canada and the United States (Unadjusted, 2020Q3 vs 2020Q2)
In Canada , the current account with the United States, Receipts increased 27.7% ($29.1 billions) to $134.1 billion while Payments trade increased 23.6% ($24.1 billions) to $126.2 billion. Current account trade surplus widened by $5.1 billions to $7.9 billion.
- Exports of Goods and Services trade increased 28.8% ($25.8 billions) to $115.3 billion while Imports of Goods and Services trade increased 25.3% ($21.5 billions) to $106.6 billion. Goods and Services trade surplus widened by $4.2 billions to $8.6 billion .
- Exports Primary trade increased 25.9% ($3.5 billions) to $17.1 billion while Imports Primary trade increased 15.9% ($2.6 billions) to $18.6 billion. The resulting Primary income surplus widened by $0.4 billions to $1.5 billion .
- Exports Secondary trade decreased 7.9% ($0.1 billions) to $1.7 billion while Imports Secondary trade decreased 1.5% ($15 millions) to $1.0 billion. Secondary Income trade surplus narrowed by $0.1 billions to $0.8 billion
Current Account - Canada and the United States (Unadjusted, 2020Q3 vs 2020Q3)
Canada, the current account with the United States, Receipts decreased 10.5% ($15 .8 billions) while Payments decreased 9.8% ($13 .7 billions). As a result, Current account narrowed by 20.9% ($2.1 billions) over the same quarter last year.
- Exports of Goods and Services decreased 12.3% ($16.1 billions) while Imports of Goods and Services decreased 9.9% ($11.7 billions). As a result, Goods and Services narrowed by 33.9% ($4.4 billions)
- Exports Primary increased 2.4% ($0.4 billions) while Imports Primary decreased 9.7% ($2.0 billions). As a result, Primary Income narrowed by 61.5% ($2.4 billions).
- Exports Secondary decreased 3.8% ($0.1 billions) while Imports Secondary decreased 0.1% ($1.0 millions). As a result, Secondary Income narrowed by 8.1% ($0.1 billions).
BALANCE OF PAYMENTS WITH NON-US COUNTRIES
Current Account, Canada and non-US countries 2020Q3 vs 2020Q2 (unadjusted)
In Canada, the current account with the non-US countries, Receipts decreased 8.0% ($5.2 billions) to $59.9 billion. Payments trade increased 2.8% ($2.2 billions) to $79.3 billion. Current account trade deficit widened by $7.4 billions to $19.4 billion
- Exports of Goods and Services trade decreased 3.8% ($1.8 billions) to $44.6 billion. Imports of Goods and Services trade increased 8.8% ($5.3 billions) to $65.3 billion. Goods and Services trade deficit widened by $7.0 billions to $20.7 billion.
- Exports Primary trade decreased 19.1% ($3.3 billions) to $14.1 billion. Imports Primary trade decreased 22.7% ($3.2 billions) to $11.0 billion. Primary Income trade surplus narrowed by $0.1 billions to $3.1 billion .
- Exports Secondary trade decreased 10.8% ($0.2 billions) to $1.3 billion. Imports Secondary trade increased 4.9% ($0.1 billions) to $3.0 billion. Secondary Income trade deficit widened by $0.3 billions to $1.7 billion
Current Account, Canada and non-US countries 2020Q3 vs 2020Q2 (unadjusted)
In Canada , the seasonally adjusted current account with the non-US countries, Receipts decreased 20.5% ($15.5 billions) while Payments decreased 43.3% ($60 .6 billions).Current account changed 294.1% ($29.4 billions) over the same quarter last year.
- Exports of Goods and Services decreased 66.1% ($86.8 billions) while Imports of Goods and Services decreased 44.8% ($53.0 billions). As a result, Goods and Services changed 258.8% ($33.8 billions) .
- Exports Primary decreased 15.7% ($2.6 billions) while Imports Primary decreased 46.6% ($9.6 billions). As a result, Primary Income changed 178.8% ($7.0 billions).
- Exports Secondary decreased 30.7% ($0.6 billions) while Imports Secondary increased 207.2% ($2.0 billions). Secondary Income changed 306.7% ($2.6 billions).
REFERENCES
Statistics Canada
Table: 36-10-0018-01 Quarterly
Table: 36-10-0016-01 Quarterly by country (i.e US, ALL)
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