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November 29, 2023CANADA'S BALANCE OF INTERNATIONAL PAYMENTS Q3 2023 
Quarter-over-quarter (all countries, seasonally adjusted, Q3 2023 vs. Q2 2023)
Canada's current account receipts increased $9.14 billion to $305.45 billion while current account payments increased $5.05 billion to $308.67 billion. The resulting net current account deficit narrowed by $4.10 billion to $3.22 billion in Q3 2023.
Goods exports were up $5.39 billion to $192.35 billion while goods imports decreased $1.61 biillion to $191.53 billion. The goods balance changed from a $6.19 deficit in Q2 2023 to a surplus of $0.82 billion in Q3 2023.
Services exports were up $0.61 billion to $49.14 billion while services imports increased $0.95 billion to $52.85 billion. The services deficit widened by $0.35 billion to $3.71 billion in Q3 2023.
Primary income receipts increased $3.40 billion to $59.42 billion while primary income payments increased $6.08 billion to $58.89 billion. The primary income surplus narrowed by $2.68 billon to $0.53 billion in Q3 2023.
Secondary income receipts decreased $0.26 billion to $4.54 billion while secondary income payments decreased by $0.38 billion to $5.41 billion. The resulting net secondary income deficit narrowed by $0.12 billion to $0.87 billion in Q3 2023.
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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