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February 28, 2022CANADA'S BALANCE OF INTERNATIONAL PAYMENTS 2021Q4 AND ANNUAL 
Current Account - All Countries (Seasonally adjusted, 2021Q4 vs. 2021Q3)
In Canada, the current quarter over the previous quarter current account receipts increased $12.4 billion to $248.0 billion while current account payments increased $14.0 billion to $248.8 billion. The resulting net current account changed from a surplus to a deficit of $0.8 billion.
Export goods and services increased $12.8 billion to $206.0 billion while import goods and services increased $11.1 billion to $203.6 billion. The resulting net goods and services surplus widened by $1.7 billon to $2.4 billion.
Primary income receipts decreased $0.5 billion to $37.6 billion while primary income payments increased $2.0 billion to $39.8 billion. The resulting net primary income changed from a surplus to a deficit of $2.2 billion.
Secondary income receipts increased $0.1 billion to $4.4 billion while imports secondary income payments increased $0.9 billion to $5.4 billion. The resulting net secondary income deficit widened by $0.8 billon to $1.0 billion.
CANADA'S BALANCE OF PAYMENTS WITH THE UNITED STATES
BALANCE OF PAYMENTS WITH THE UNITED STATES (Unadjusted, 2021Q4)
In Canada, the current quarter over the previous quarter current account receipts with the United States increased 7.8% ($12.4 billion) to $171.5 billion while current account payments increased 7.3% ($10.0 billion) to $146.5 billion. Net current account widened by 10.5% (+$2.4 billion) to +$25.0 billion.
Export goods and services receipts increased 8.6% ($11.9 billion) to $150.3 billion while import goods and services payments increased 8.0% ($9.2 billion) to $124.2 billion. Net goods and services widened by 11.3% (+$2.6 billion) to +$26.1 billion.
Exports primary income receipts increased 1.7% ($0.3 billion) to $18.8 billion while imports primary income payments increased 3.1% ($0.6 billion) to $21.1 billion. The resulting net primary income deficit widened by 15.9% to -$2.3 billion.
Exports secondary income receipts increased 7.7% ($0.2 billion) to $2.4 billion while imports secondary income payments increased 12.0% ($0.1 billion) to $1.2 billion. Net secondary income widened by 4.1% (+$0.1 billion) to +$1.3 billion.
ANNUAL
In Canada 2021, the not seasonally adjusted current account changed from a deficit to a surplus increasing $41.0 billion to $1.6 billion over 2020.
BALANCE OF PAYMENTS WITH THE UNITED STATES (Unadjusted, 2021 vs. 2020)
In Canada 2021, the not seasonally adjusted current account with the United States surplus increased $73.5 billion to $86.8 billion over 2020.
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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