Table 1
Balance of payments – Not seasonally adjusted

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Balance of payments – Not seasonally adjusted
  First quarter 2011 Second quarter 2011 Third quarter 2011 Fourth quarter 2011 First quarter 2012 2010 2011
  millions of dollars
Current account              
Receipts              
Goods and services 125,033 131,185 136,290 140,981 134,651 476,086 533,489
Goods 108,059 112,376 115,216 122,541 116,896 404,834 458,191
Services 16,974 18,809 21,074 18,440 17,755 71,252 75,298
Investment income 16,363 16,298 16,626 17,065 16,819 61,794 66,352
Direct investment 10,399 10,419 10,802 10,810 10,509 37,836 42,431
Portfolio investment 4,218 4,209 4,228 4,381 4,325 17,376 17,036
Other investment 1,746 1,669 1,596 1,875 1,985 6,581 6,886
Current transfers 2,278 1,916 1,861 2,659 2,567 9,261 8,714
Current account receipts 143,674 149,400 154,776 160,706 154,037 547,141 608,556
Payments              
Goods and services 131,676 140,701 140,868 142,658 141,860 507,844 555,903
Goods 106,874 114,827 115,421 118,751 115,908 413,833 455,874
Services 24,801 25,874 25,447 23,907 25,952 94,011 100,030
Investment income 22,105 20,848 22,201 23,888 23,181 78,230 89,042
Direct investment 11,734 10,490 11,597 12,635 12,043 36,720 46,456
Portfolio investment 9,078 9,314 9,613 9,838 9,727 35,537 37,843
Other investment 1,293 1,044 991 1,415 1,411 5,972 4,744
Current transfers 4,052 2,381 2,704 2,867 4,087 11,932 12,004
Current account payments 157,833 163,930 165,773 169,414 169,128 598,005 656,949
Balances              
Goods and services -6,642 -9,516 -4,579 -1,677 -7,208 -31,757 -22,414
Goods 1,185 -2,451 -206 3,790 988 -8,999 2,318
Services -7,827 -7,065 -4,373 -5,467 -8,197 -22,759 -24,732
Investment income -5,742 -4,550 -5,575 -6,823 -6,362 -16,436 -22,690
Direct investment -1,335 -71 -795 -1,825 -1,534 1,116 -4,025
Portfolio investment -4,860 -5,105 -5,385 -5,457 -5,402 -18,161 -20,807
Other investment 452 626 605 460 574 609 2,142
Current transfers -1,774 -464 -843 -208 -1,521 -2,671 -3,290
Current account balance -14,159 -14,530 -10,997 -8,708 -15,091 -50,864 -48,394
Capital and financial account1, 2              
Capital account 1,278 1,304 1,149 1,088 1,302 4,758 4,818
Financial account 16,727 11,117 9,387 13,794 11,768 44,949 51,025
Canadian assets, net flows              
Canadian direct investment abroad -11,697 -3,331 -18,274 -15,749 -8,498 -39,749 -49,050
Portfolio investment -3,158 -2,008 -5,403 -7,762 -6,614 -14,535 -18,331
Foreign bonds 772 7,437 2,682 -5,003 2,975 1,379 5,888
Foreign stocks -3,665 -10,345 -8,278 -3,967 -10,154 -13,472 -26,255
Foreign money market -264 901 192 1,208 566 -2,442 2,036
Other investment -12,693 -25,414 9,151 -14,148 6,286 -52,199 -43,104
Loans -2,887 -7,943 1,422 -5,222 -2,071 -16,424 -14,629
Deposits -11,108 -20,681 1,677 1,007 10,555 -11,761 -29,105
Official international reserves -2,564 -721 -1,185 -3,591 -2,965 -3,989 -8,061
Other assets 3,865 3,931 7,236 -6,342 767 -20,024 8,691
Total Canadian assets, net flows -27,548 -30,752 -14,527 -37,658 -8,825 -106,482 -110,485
Canadian liabilities, net flows              
Foreign direct investment in Canada 12,620 17,445 7,415 3,023 14,584 24,119 40,503
Portfolio investment 22,457 19,724 27,938 27,216 6,295 117,429 97,335
Canadian bonds 12,074 12,334 7,433 12,335 14,848 96,112 44,177
Canadian stocks 9,571 2,227 4,268 5,070 -810 18,179 21,136
Canadian money market 811 5,162 16,238 9,810 -7,743 3,138 32,021
Other investment 9,199 4,700 -11,439 21,213 -285 9,883 23,672
Loans -5,287 -1,755 -554 6,421 -2,100 8,613 -1,175
Deposits 13,007 6,333 -11,033 14,255 1,290 125 22,561
Other liabilities 1,479 122 148 537 525 1,145 2,286
Total Canadian liabilities, net flows 44,275 41,868 23,914 51,452 20,594 151,431 161,510
Total capital and financial account, net flows 18,005 12,421 10,536 14,881 13,071 49,707 55,843
Statistical discrepancy -3,846 2,109 461 -6,173 2,021 1,158 -7,450
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.