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| Fourth quarter 2002 | First quarter 2003 | Second quarter 2003 | Third quarter 2003 | Fourth quarter 2003 | First quarter 2004 | 2002 | 2003 | |
|---|---|---|---|---|---|---|---|---|
| Not seasonally adjusted, millions of dollars | ||||||||
| Current account | ||||||||
| Receipts | ||||||||
| Goods and services | 120,667 | 119,596 | 115,187 | 112,766 | 112,425 | 116,351 | 477,694 | 459,974 |
| Goods | 105,870 | 105,638 | 100,587 | 95,292 | 98,493 | 102,561 | 413,795 | 400,010 |
| Services | 14,797 | 13,958 | 14,600 | 17,475 | 13,932 | 13,790 | 63,899 | 59,964 |
| Investment income | 8,527 | 7,052 | 8,172 | 8,354 | 9,122 | 8,099 | 31,185 | 32,700 |
| Direct investment | 4,321 | 2,729 | 4,140 | 4,348 | 5,239 | 4,307 | 13,624 | 16,455 |
| Portfolio investment | 2,296 | 2,367 | 2,359 | 2,353 | 2,243 | 2,204 | 9,628 | 9,321 |
| Other investment | 1,910 | 1,956 | 1,673 | 1,654 | 1,640 | 1,589 | 7,934 | 6,923 |
| Current transfers | 2,015 | 1,913 | 1,490 | 1,490 | 1,820 | 1,878 | 6,957 | 6,714 |
| Current account receipts | 131,209 | 128,561 | 124,849 | 122,611 | 123,367 | 126,328 | 515,836 | 499,388 |
| Payments | ||||||||
| Goods and services | 109,253 | 106,798 | 106,404 | 98,449 | 101,037 | 102,580 | 427,382 | 412,688 |
| Goods | 91,582 | 88,644 | 89,126 | 80,420 | 83,643 | 84,077 | 356,581 | 341,833 |
| Services | 17,671 | 18,155 | 17,278 | 18,029 | 17,393 | 18,503 | 70,801 | 70,855 |
| Investment income | 16,487 | 16,149 | 13,424 | 13,483 | 13,387 | 14,019 | 59,839 | 56,443 |
| Direct investment | 6,389 | 6,518 | 4,696 | 4,896 | 4,774 | 5,355 | 20,670 | 20,884 |
| Portfolio investment | 7,730 | 7,545 | 7,188 | 7,129 | 6,893 | 6,843 | 30,466 | 28,755 |
| Other investment | 2,368 | 2,086 | 1,541 | 1,458 | 1,719 | 1,820 | 8,702 | 6,804 |
| Current transfers | 1,440 | 2,124 | 1,321 | 1,475 | 1,520 | 2,163 | 5,951 | 6,440 |
| Current account payments | 127,179 | 125,071 | 121,149 | 113,407 | 115,943 | 118,761 | 493,171 | 475,570 |
| Balances | ||||||||
| Goods and services | 11,415 | 12,798 | 8,783 | 14,318 | 11,388 | 13,771 | 50,312 | 47,287 |
| Goods | 14,288 | 16,994 | 11,461 | 14,872 | 14,850 | 18,484 | 57,214 | 58,177 |
| Services | -2,874 | -4,197 | -2,678 | -554 | -3,462 | -4,713 | -6,903 | -10,891 |
| Investment income | -7,960 | -9,097 | -5,252 | -5,129 | -4,265 | -5,919 | -28,653 | -23,743 |
| Direct investment | -2,068 | -3,789 | -556 | -548 | 464 | -1,048 | -7,046 | -4,429 |
| Portfolio investment | -5,434 | -5,178 | -4,829 | -4,777 | -4,650 | -4,639 | -20,838 | -19,433 |
| Other investment | -458 | -130 | 132 | 196 | -80 | -232 | -769 | 119 |
| Current transfers | 575 | -211 | 169 | 14 | 301 | -285 | 1,006 | 274 |
| Current account balance | 4,030 | 3,490 | 3,700 | 9,204 | 7,424 | 7,566 | 22,664 | 23,818 |
| Capital and financial account 1 | ||||||||
| Capital account | 903 | 1,000 | 985 | 1,067 | 917 | 851 | 4,988 | 3,968 |
| Financial account | -10,212 | 3,550 | -13,012 | -6,456 | -8,775 | -4,231 | -17,837 | -24,694 |
| Canadian assets, net flows | ||||||||
| Canadian direct investment abroad | -15,576 | -4,679 | -2,743 | -3,510 | -19,258 | -4,753 | -41,472 | -30,191 |
| Portfolio investment | -2,923 | -1,349 | -3,204 | -2,812 | -5,154 | -2,697 | -25,087 | -12,519 |
| Foreign bonds | -16 | -3,501 | -2,664 | -5 | -1,901 | -2,607 | -6,229 | -8,071 |
| Foreign stocks | -2,907 | 2,151 | -540 | -2,807 | -3,253 | -89 | -18,858 | -4,449 |
| Other investment | -6,726 | -23,541 | 3,959 | 2,227 | -8,046 | 1,488 | -13,206 | -25,401 |
| Loans | -6,253 | -5,625 | 2,913 | 6,256 | 2,627 | -309 | -8,182 | 6,171 |
| Deposits | 2,887 | -17,387 | 3,066 | 292 | -9,205 | -1,714 | 5,731 | -23,234 |
| Official international reserves | 559 | 2,711 | 229 | 4 | 1,749 | -236 | 298 | 4,693 |
| Other assets | -3,920 | -3,240 | -2,249 | -4,325 | -3,217 | 3,747 | -11,053 | -13,030 |
| Total Canadian assets, net flows | -25,225 | -29,569 | -1,988 | -4,095 | -32,459 | -5,961 | -79,765 | -68,111 |
| Canadian liabilities, net flows | ||||||||
| Foreign direct investment in Canada | 5,656 | 5,233 | 5,679 | -863 | -827 | 5,319 | 33,026 | 9,222 |
| Portfolio investment | 9,283 | 7,956 | 9,204 | -8,820 | 10,130 | 4,415 | 20,935 | 18,469 |
| Canadian bonds | 3,635 | 9,131 | 6,161 | -12,240 | 3,947 | 2,884 | 18,684 | 7,000 |
| Canadian stocks | 1,724 | -265 | 2,575 | 5,394 | 5,227 | 4,304 | -1,531 | 12,931 |
| Canadian money market | 3,925 | -910 | 467 | -1,975 | 956 | -2,772 | 3,782 | -1,461 |
| Other investment | 74 | 19,930 | -25,907 | 7,323 | 14,380 | -8,003 | 7,967 | 15,726 |
| Loans | 1,640 | 1,013 | -3,480 | -264 | 4,472 | 1,774 | 1,400 | 1,741 |
| Deposits | -1,119 | 21,200 | -20,592 | 7,525 | 10,131 | -10,377 | 13,568 | 18,265 |
| Other liabilities | -447 | -2,284 | -1,835 | 61 | -223 | 600 | -7,001 | -4,280 |
| Total Canadian liabilities, net flows | 15,013 | 33,119 | -11,024 | -2,361 | 23,683 | 1,730 | 61,928 | 43,417 |
| Total capital and financial account, net flows | -9,309 | 4,550 | -12,027 | -5,389 | -7,859 | -3,380 | -12,850 | -20,725 |
| Statistical discrepancy | 5,279 | -8,040 | 8,328 | -3,814 | 434 | -4,186 | -9,815 | -3,092 |
| 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. Transactions are recorded on a net basis. |