The balance of international payments is a statistical statement that summarizes economic transactions between Canadian residents and non-residents during a given period. The economic transactions between residents and non-residents are presented in two main groups of accounts: the current and capital accounts, and the financial account.
The current and capital accounts cover transactions in goods, services, primary income (compensation of employees and investment income), secondary income (current transfers), capital transfers and non-produced non-financial assets. The financial account records transactions of financial instruments… (more)
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