(Reuters – Louise Egan)
A slowdown in exports to the United States caused Canada’s current account deficit to widen more than expected in the second quarter to C$11.02 billion ($10.5 billion), Statistics Canada said on Monday. The country’s seventh consecutive current account shortfall was larger than the C$10.7 billion deficit analysts had predicted in a Reuters poll and represented deterioration from the revised first-quarter deficit of C$8.46 billion. Statscan revised its first-quarter figure from an initial estimate of a C$7.82 billion deficit.
Read more here. Summary statistics and links to the data files are on the Statistics Canada website here.
