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Canadian current account deficit widened to C$13.9 billion in the fourth quarter | 02.03.2015

 

Statistics Canada released current account data on Monday. Canadian current account deficit widened to C$13.9 billion in the fourth quarter from a deficit of C$9.6 billion in the third quarter. The third quarter figure was revised down from a deficit of C$8.4 billion.

 

 

Analysts had expected a deficit of C$7.4 billion.

 

 

The decline was driven by lower exports as oil price dropped in the fourth quarter.



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