Statistics Canada
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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 account1, 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