Exchange Rates

Canada’s Current Account Gap Grows

Posted by Scott Boyd at 9:36 am EST, 11/27/2009

Statistics Canada said this morning that Canada’s current account deficit increased in the third quarter to a record high of C$13.12 billion (US$12.44 billion). Both exports and imports increased in the period but imports grew faster, leading to a new high in the deficit in trade in goods at C$3.98 billion.

Filed under: Forex Round Up, CAD

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