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Statistics Canada
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Table 1 Balance of payments

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Balance of payments
  Fourth quarter 2007 First quarter 2008 Second quarter 2008 Third quarter 2008 Fourth quarter 2008 2007 2008
  Not seasonally adjusted
  $ millions
Current account              
Receipts              
Goods and services 126,697 131,040 147,243 147,840 131,800 530,332 557,922
Goods 110,833 115,591 130,091 128,608 115,627 463,051 489,916
Services 15,864 15,450 17,152 19,232 16,172 67,280 68,006
Investment income 18,685 17,469 20,061 16,795 15,012 71,417 69,338
Direct investment 9,657 8,744 11,261 8,456 7,057 37,139 35,518
Portfolio investment 5,240 5,416 5,772 5,599 5,027 21,683 21,815
Other investment 3,788 3,308 3,028 2,741 2,928 12,595 12,005
Current transfers 2,709 2,755 2,229 2,105 3,153 9,545 10,242
Current account receipts 148,091 151,264 169,532 166,741 149,965 611,294 637,502
Payments              
Goods and services 123,394 125,107 137,189 136,578 134,397 501,474 533,271
Goods 101,825 102,018 114,235 113,776 112,694 415,006 442,724
Services 21,569 23,089 22,954 22,802 21,703 86,468 90,547
Investment income 21,227 19,888 20,736 21,780 20,975 85,611 83,380
Direct investment 9,384 8,600 10,150 10,594 8,370 38,444 37,714
Portfolio investment 7,506 7,430 7,683 8,065 8,390 30,809 31,569
Other investment 4,337 3,858 2,903 3,122 4,215 16,358 14,097
Current transfers 2,505 3,281 2,265 2,510 2,557 10,601 10,613
Current account payments 147,125 148,277 160,190 160,868 157,929 597,686 627,264
Balances              
Goods and services 3,302 5,933 10,054 11,262 -2,597 28,858 24,651
Goods 9,007 13,572 15,856 14,832 2,933 48,046 47,193
Services -5,705 -7,639 -5,802 -3,570 -5,530 -19,188 -22,541
Investment income -2,541 -2,419 -675 -4,985 -5,963 -14,194 -14,042
Direct investment 274 145 1,111 -2,138 -1,313 -1,305 -2,195
Portfolio investment -2,266 -2,014 -1,911 -2,466 -3,363 -9,126 -9,754
Other investment -549 -550 125 -381 -1,287 -3,763 -2,093
Current transfers 204 -527 -36 -404 596 -1,056 -371
Current account balance 965 2,987 9,343 5,873 -7,964 13,607 10,239
Capital and financial account1, 2              
Capital account 907 1,199 1,193 1,109 1,023 4,199 4,525
Financial account 2,666 -8,048 -7,581 -9,674 12,375 -21,951 -12,928
Canadian assets, net flows              
Canadian direct investment abroad -16,017 -29,737 -12,138 -26,865 -11,594 -57,806 -80,334
Portfolio investment -5,378 -3,454 -3,167 -729 21,243 -48,422 13,893
Foreign bonds 2,932 -685 1,121 4,319 11,598 -28,903 16,353
Foreign stocks -9,828 -2,891 -4,815 -5,685 5,718 -30,941 -7,672
Foreign money market 1,518 121 527 637 3,927 11,422 5,212
Other investment -8,997 -18,524 -7,698 -437 -9,044 -63,866 -35,704
Loans 1,770 -3,684 1,734 6,446 -5,385 -9,819 -888
Deposits -6,691 -14,229 -7,761 -8,521 -7,810 -41,993 -38,321
Official international reserves 588 247 -1,816 -779 679 -4,644 -1,669
Other assets -4,664 -858 145 2,417 3,471 -7,410 5,175
Total Canadian assets, net flows -30,392 -51,715 -23,004 -28,030 605 -170,093 -102,145
Canadian liabilities, net flows              
Foreign direct investment in Canada 49,270 16,527 4,673 17,785 10,025 116,706 49,010
Portfolio investment -27,122 9,952 27,838 -6,831 -4,142 -31,591 26,817
Canadian bonds 5,198 9,698 19,541 -3,508 -12,507 11,540 13,225
Canadian stocks -32,039 3,698 5,617 -5,323 -1,532 -41,994 2,460
Canadian money market -280 -3,445 2,679 2,000 9,897 -1,137 11,132
Other investment 10,910 17,189 -17,088 7,402 5,887 63,027 13,390
Loans 7,423 504 -1,911 2,950 385 10,670 1,928
Deposits 4,417 16,165 -15,598 4,270 8,111 48,574 12,947
Other liabilities -931 520 421 183 -2,609 3,783 -1,485
Total Canadian liabilities, net flows 33,058 43,668 15,423 18,356 11,770 148,143 89,217
Total capital and financial account,              
net flows 3,573 -6,848 -6,388 -8,565 13,398 -17,752 -8,403
Statistical discrepancy -4,538 3,861 -2,955 2,692 -5,434 4,144 -1,836
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.