Any Money In There..?

Canada: Current Account (Q3) deficit at $15.47 billion

Canada's current account deficit narrowed modestly in the third quarter due to smaller gaps on trade in goods and services and investment income, following a shortfall in the prior three months that was sharply higher than originally estimated.

The deficit in the July through September period was a seasonally adjusted 15.47 billion Canadian dollars ($14.60 billion), from a revised C$15.92 billion in the second quarter--which was originally estimated at C$14.58 billion--Statistics Canada said Thursday. The revision was driven primary by higher payments on investment income to foreign investors.

The consensus call was for a C$14.4 billion shortfall in the third quarter, according to a report from Royal Bank of Canada.

The current account is the broadest indicator of trade in goods and services.