Table 1 
Balance of payments – Not seasonally adjusted 

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Balance of payments – Not seasonally adjusted
  Fourth quarter 2022 First quarter 2023 Second quarter 2023 Third quarter 2023 Fourth quarter 2023 2022 2023
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
Capital account and current account              
Net lending / net borrowing, from capital account and current account -3,583 -4,252 -9,431 -7,870 3,966 -10,365 -17,586
Current account balances -3,583 -4,195 -9,660 -7,870 3,966 -10,312 -17,759
Goods and services 156 875 -11,863 -5,198 4,907 3,691 -11,278
Goods 1,379 5,468 -7,843 -4,234 4,782 19,706 -1,827
Services -1,222 -4,593 -4,020 -964 126 -16,016 -9,451
Primary income -2,778 450 2,482 -1,967 92 -10,023 1,056
Compensation of employees -1,486 -1,523 -1,558 -1,596 -1,632 -5,761 -6,309
Investment income -1,292 1,972 4,040 -371 1,724 -4,261 7,366
Direct investment 9,244 12,946 15,494 12,838 14,772 35,369 56,049
Portfolio investment -9,185 -10,117 -10,616 -11,769 -11,326 -31,408 -43,829
Other investment -1,351 -856 -837 -1,440 -1,722 -8,223 -4,855
Secondary income -961 -5,519 -279 -705 -1,033 -3,980 -7,537
Capital account balance 0 -57 229 0 0 -53 172
Financial account1,2              
Net lending / net borrowing, from financial account -2,763 -5,790 -2,030 -2,451 -75 -3,154 -10,347
Net acquisition of financial assets 134,964 -18,104 122,316 83,945 185,185 278,939 373,342
Direct investment assets 15,370 55,833 11,251 30,245 16,186 112,772 113,514
Direct investment assets, equity 21,569 62,904 14,146 25,184 15,059 120,780 117,293
Direct investment assets, debt instruments -6,199 -7,071 -2,895 5,061 1,126 -8,007 -3,778
Canadian portfolio investment in foreign securities 10,643 -23,398 13,669 29,273 33,494 -11,485 53,039
Foreign debt securities 14,067 4,009 10,599 8,959 13,775 50,866 37,342
Foreign money market instruments 2,306 768 305 1,737 1,163 2,389 3,973
Foreign bonds 11,761 3,241 10,293 7,223 12,612 48,477 33,369
Foreign equity and investment fund shares -3,424 -27,407 3,071 20,314 19,719 -62,351 15,697
Official international reserves 1,187 536 8,924 -789 781 13,817 9,451
Other Canadian investment abroad 107,764 -51,075 88,472 25,216 134,724 163,834 197,338
Loans 47,067 -26,104 24,027 3,569 32,551 86,322 34,043
Currency and deposits 22,678 14,505 15,208 13,194 61,629 70,372 104,538
Trade credits and advances -3,153 1,304 2,954 -970 -212 915 3,077
Other accounts receivable 41,171 -40,780 46,283 9,423 40,756 6,225 55,681
Net incurrence of liabilities 137,726 -12,314 124,346 86,396 185,260 282,093 383,689
Direct investment liabilities 14,725 18,679 10,362 20,135 11,343 64,825 60,520
Direct investment liabilities, equity 14,922 21,171 15,985 18,209 12,743 66,356 68,108
Direct investment liabilities, debt instruments -196 -2,492 -5,623 1,926 -1,400 -1,531 -7,588
Foreign portfolio investment in Canadian securities 42,400 -6,905 37,491 -10,205 12,035 137,612 32,416
Canadian debt securities 41,911 10,221 55,743 -4,855 20,003 149,633 81,113
Canadian money market instruments 20,127 -16,613 14,437 1,492 2,141 366 1,457
Canadian bonds 21,784 26,835 41,306 -6,347 17,862 149,267 79,656
Canadian equity and investment fund shares 489 -17,127 -18,252 -5,350 -7,968 -12,021 -48,697
Other foreign investment in Canada 80,601 -24,088 76,493 76,466 161,882 79,656 290,752
Loans 51,571 -47,243 42,688 39,285 39,696 42,468 74,427
Currency and deposits 28,685 23,421 33,347 37,216 121,912 32,077 215,896
Special drawing rights 0 0 0 0 0 0 0
Trade credits and advances -298 -406 319 -173 133 521 -127
Other accounts payable 643 139 140 138 140 4,589 556
Discrepancy (net errors and omissions) 820 -1,539 7,401 5,418 -4,041 7,211 7,240
Source(s):
Tables 36-10-0016-01, 36-10-0014-01, 36-10-0472-01 and 36-10-0471-01.

Table note 1

Transactions are recorded on a net basis.

Table note 2

In the financial account, a positive value denotes an increase in investment and a negative value denotes a decrease in investment.
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