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Balance of payments
Fourth quarter 2006
First quarter 2007
Second quarter 2007
Third quarter 2007
Fourth quarter 2007
2006
2007
Not seasonally adjusted
$ millions
Current account
Receipts
Goods and services
130,643
134,763
139,480
131,108
127,340
522,926
532,690
Goods
115,070
119,387
122,368
112,038
111,439
455,696
465,232
Services
15,573
15,376
17,113
19,070
15,900
67,230
67,458
Investment income
17,050
15,041
15,980
17,083
15,575
61,599
63,679
Direct investment
9,523
7,032
7,571
8,848
7,329
32,600
30,780
Portfolio investment
4,682
5,228
5,458
5,169
5,003
16,867
20,858
Other investment
2,844
2,781
2,951
3,066
3,243
12,131
12,041
Current transfers
2,704
2,538
2,147
2,161
2,719
9,682
9,564
Current account receipts
150,397
152,342
157,607
150,351
145,633
594,207
605,933
Payments
Goods and services
122,453
126,133
128,973
123,812
123,592
486,789
502,509
Goods
102,246
104,485
107,128
102,095
101,891
404,395
415,599
Services
20,207
21,648
21,844
21,717
21,701
82,394
86,910
Investment income
19,888
18,452
20,304
20,463
20,139
73,446
79,358
Direct investment
8,573
6,721
9,176
9,721
9,571
31,091
35,189
Portfolio investment
7,129
7,020
6,915
6,791
6,565
27,094
27,291
Other investment
4,186
4,711
4,213
3,951
4,003
15,260
16,878
Current transfers
2,859
3,529
1,885
2,174
2,296
10,394
9,884
Current account payments
145,200
148,114
151,162
146,449
146,027
570,629
591,751
Balances
Goods and services
8,190
8,630
10,507
7,296
3,748
36,137
30,181
Goods
12,824
14,903
15,239
9,943
9,548
51,302
49,633
Services
-4,635
-6,272
-4,732
-2,647
-5,801
-15,165
-19,452
Investment income
-2,839
-3,411
-4,324
-3,379
-4,564
-11,847
-15,678
Direct investment
951
311
-1,605
-873
-2,242
1,509
-4,410
Portfolio investment
-2,447
-1,792
-1,457
-1,622
-1,562
-10,227
-6,432
Other investment
-1,342
-1,930
-1,262
-885
-760
-3,129
-4,836
Current transfers
-154
-992
262
-14
423
-712
-320
Current account balance
5,197
4,228
6,445
3,903
-394
23,578
14,183
Capital and financial account 1, 2
Capital account
951
1,241
1,014
1,037
988
4,201
4,280
Financial account
-1,164
-10,533
-7,845
-10,266
6,002
-22,741
-22,642
Canadian assets, net flows
Canadian direct investment abroad
-17,046
-16,410
-10,626
-12,702
-13,392
-51,322
-53,130
Portfolio investment
-17,637
-26,749
-24,266
7,979
-2,837
-78,693
-45,873
Foreign bonds
-10,767
-17,186
-16,336
1,688
5,103
-43,602
-26,732
Foreign stocks
-5,142
-9,331
-7,691
-4,082
-9,458
-28,291
-30,563
Foreign money market
-1,728
-232
-239
10,373
1,518
-6,800
11,422
Other investment
19,796
-20,447
-16,621
-20,725
-6,972
-35,325
-64,765
Loans
429
-5,009
2,582
-9,161
1,753
-12,201
-9,835
Deposits
25,901
-6,103
-13,168
-16,689
-3,234
-8,183
-39,195
Official international reserves
1,662
-4,722
-366
-144
588
-1,013
-4,644
Other assets
-8,195
-4,613
-5,668
5,269
-6,079
-13,927
-11,091
Total Canadian assets, net flows
-14,887
-63,606
-51,512
-25,448
-23,201
-165,339
-163,768
Canadian liabilities, net flows
Foreign direct investment in Canada
27,047
18,971
21,154
28,327
46,955
78,317
115,407
Portfolio investment
5,328
7,088
-3,175
-9,648
-28,020
32,544
-33,754
Canadian bonds
12,341
8,321
-3,281
37
4,400
18,015
9,477
Canadian stocks
-5,264
-532
-899
-8,524
-31,853
10,814
-41,808
Canadian money market
-1,749
-702
1,006
-1,160
-568
3,715
-1,424
Other investment
-18,653
27,014
25,688
-3,497
10,268
31,737
59,473
Loans
716
3,286
2,808
-4,415
6,610
11,873
8,290
Deposits
-18,032
21,844
22,334
-21
4,400
20,724
48,556
Other liabilities
-1,337
1,885
546
938
-742
-860
2,627
Total Canadian liabilities, net flows
13,723
53,073
43,667
15,182
29,204
142,598
141,125
Total capital and financial account, net flows
-213
-9,292
-6,832
-9,229
6,990
-18,540
-18,363
Statistical discrepancy
-4,984
5,064
386
5,326
-6,596
-5,038
4,180
1. A minus sign denotes an outflow of capital resulting from an increase in claims on non-residents or from a decrease in liabilities to non-residents.
2. Transactions are recorded on a net basis.
Current account
Fourth quarter 2006
First quarter 2007
Second quarter 2007
Third quarter 2007
Fourth quarter 2007
2006
2007
Seasonally adjusted
$ millions
Receipts
Goods and services
132,338
136,420
135,893
132,059
128,318
522,926
532,690
Goods
115,506
119,566
118,839
115,425
111,403
455,696
465,232
Services
16,832
16,854
17,054
16,634
16,916
67,230
67,458
Travel
4,124
4,128
4,212
4,141
4,164
16,598
16,645
Transportation
3,111
3,199
3,167
3,054
3,065
12,129
12,486
Commercial services
9,140
9,065
9,220
8,995
9,217
36,708
36,496
Government services
457
462
456
445
469
1,795
1,832
Investment income
16,885
15,464
15,419
16,662
16,133
61,599
63,679
Direct investment
9,150
7,366
7,287
8,451
7,676
32,600
30,780
Interest
276
421
485
324
354
1,380
1,583
Profits
8,874
6,946
6,802
8,127
7,321
31,220
29,197
Portfolio investment
4,741
5,233
5,283
5,244
5,098
16,867
20,858
Interest
1,838
2,030
2,180
2,134
1,880
6,189
8,224
Dividends
2,903
3,203
3,103
3,111
3,217
10,679
12,634
Other investment
2,995
2,865
2,850
2,967
3,360
12,131
12,041
Current transfers
2,521
2,227
2,396
2,517
2,424
9,682
9,564
Private
623
735
640
673
608
2,680
2,656
Official
1,897
1,491
1,756
1,844
1,816
7,002
6,907
Total receipts
151,744
154,111
153,708
151,239
146,876
594,207
605,933
Payments
Goods and services
124,297
126,335
124,769
126,620
124,786
486,789
502,509
Goods
103,175
105,333
103,205
105,007
102,054
404,395
415,599
Services
21,122
21,002
21,564
21,613
22,732
82,394
86,910
Travel
6,081
6,015
6,224
6,934
7,743
23,311
26,916
Transportation
5,058
5,034
5,072
4,914
5,197
19,194
20,217
Commercial services
9,726
9,703
10,013
9,508
9,535
38,865
38,758
Government services
256
250
255
257
257
1,024
1,019
Investment income
19,848
18,016
20,274
20,879
20,189
73,446
79,358
Direct investment
8,569
6,654
8,966
9,830
9,739
31,091
35,189
Interest
370
360
370
370
371
1,465
1,471
Profits
8,199
6,294
8,597
9,460
9,367
29,626
33,718
Portfolio investment
7,175
6,980
6,910
6,807
6,594
27,094
27,291
Interest
5,819
5,854
5,710
5,591
5,402
22,324
22,557
Dividends
1,355
1,126
1,200
1,216
1,192
4,770
4,734
Other investment
4,105
4,382
4,397
4,242
3,856
15,260
16,878
Current transfers
2,977
2,800
2,265
2,405
2,414
10,394
9,884
Private
2,129
1,905
1,417
1,413
1,462
6,913
6,197
Official
849
895
849
991
951
3,481
3,686
Total payments
147,123
147,151
147,308
149,903
147,389
570,629
591,751
Balances
Goods and services
8,041
10,085
11,125
5,440
3,532
36,137
30,181
Goods
12,331
14,233
15,634
10,418
9,348
51,302
49,633
Services
-4,290
-4,148
-4,510
-4,978
-5,816
-15,165
-19,452
Travel
-1,957
-1,887
-2,012
-2,794
-3,578
-6,713
-10,271
Transportation
-1,948
-1,835
-1,905
-1,860
-2,132
-7,065
-7,731
Commercial services
-587
-638
-793
-513
-318
-2,157
-2,262
Government services
202
212
200
188
212
770
813
Investment income
-2,963
-2,552
-4,855
-4,217
-4,056
-11,847
-15,678
Direct investment
581
712
-1,680
-1,379
-2,063
1,509
-4,410
Interest
-94
61
115
-47
-17
-85
112
Profits
674
652
-1,795
-1,333
-2,046
1,594
-4,521
Portfolio investment
-2,434
-1,747
-1,627
-1,562
-1,496
-10,227
-6,432
Interest
-3,982
-3,824
-3,530
-3,457
-3,521
-16,135
-14,333
Dividends
1,548
2,077
1,903
1,895
2,025
5,908
7,900
Other investment
-1,110
-1,517
-1,548
-1,275
-496
-3,129
-4,836
Current transfers
-457
-573
130
113
10
-712
-320
Private
-1,505
-1,169
-777
-740
-855
-4,233
-3,541
Official
1,049
596
907
853
865
3,521
3,221
Current account
4,622
6,960
6,400
1,335
-513
23,578
14,183