Canada Q2 current account +3.58B vs +1.18B prior

Canada current account data for Q2 2021

• Prior was a surplus of 1.18B
• Trade surplus of $1.8B
• Exports +0.9B, imports +0.5B q/q
• Investment income surplus +1.7B
• Canadians bought a record $57.2B of foreign securities
• Foreign investment in Canadian securities $50.3B
• Direct investment abroad $22.2B
• Direct investment in Canada $12.0B
  

This is the second consecutive current account surplus after an unbroken streak of deficits from 2008 through 2020. This report isn't a driver for CAD but offers some hints at the things that helped it to the top of the G10 FX pile in H1.

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August 31, 2021 at 12:31AM

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