Canada current account in the second quarter
- Before what – $ 11.1 billion
- Trade deficit $ 7.9 billion
- Goods deficit $ 7.7 billion
- Services deficit $ 0.2 billion
The report hints at one of the reasons the Canadian dollar rebounded so strongly from 1.45 during the pandemic.
Foreign investors acquired a record $ 80.5 billion in Canadian debt securities in the second quarter, following an investment of $ 39.9 billion in the first quarter. This level of foreign investment was almost twice the previous record of $ 46.3 billion set in the third quarter of 2017.