Table 1
Balance of payments – Not seasonally adjusted

Balance of payments – Not seasonally adjusted
  Fourth quarter 2011 First quarter 2012 Second quarter 2012 Third quarter 2012 Fourth quarter 2012 2011 2012
  millions of dollars
Capital account and current account              
Net lending / net borrowing, from capital account and current account -10,469 -15,816 -17,104 -18,512 -15,651 -52,303 -67,083
Current account balances -10,468 -15,812 -17,102 -18,508 -15,521 -52,292 -66,944
Goods and services -1,555 -7,106 -10,446 -11,893 -7,002 -22,110 -36,447
Goods 3,518 655 -3,806 -7,258 -1,469 912 -11,879
Services -5,073 -7,761 -6,640 -4,635 -5,533 -23,022 -24,569
Primary income -8,552 -6,968 -6,088 -5,633 -8,136 -26,723 -26,825
Compensation of employees -478 -464 -494 -516 -504 -1,908 -1,978
Investment income -8,074 -6,504 -5,594 -5,117 -7,632 -24,815 -24,847
Direct investment -2,675 -943 3 364 -1,546 -4,613 -2,121
Portfolio investment -4,874 -5,132 -5,357 -5,537 -5,628 -18,857 -21,653
Other investment -525 -430 -240 56 -458 -1,345 -1,072
Secondary income -361 -1,738 -569 -982 -384 -3,459 -3,672
Capital account balance -2 -4 -2 -4 -129 -10 -139
Financial account1, 2              
Net lending / net borrowing, from financial account -15,632 -15,187 -12,186 -21,564 -14,654 -57,004 -63,590
Net acquisition of financial assets 36,388 13,157 3,732 57,489 44,716 104,604 119,093
Canadian direct investment abroad 16,025 11,082 2,942 23,117 16,754 49,326 53,895
Canadian portfolio investment in foreign securities 7,762 6,447 2,814 8,907 16,963 18,331 35,131
Foreign debt securities 3,795 -3,576 490 2,712 12,307 -7,924 11,933
Foreign money market instruments -1,208 -565 -1,205 815 -659 -2,036 -1,615
Foreign bonds 5,003 -3,011 1,695 1,897 12,966 -5,888 13,548
Foreign equity and investment fund shares 3,967 10,023 2,324 6,195 4,656 26,255 23,198
Official international reserves 3,591 2,965 -2,464 1,073 124 8,061 1,697
Other Canadian investment abroad 9,010 -7,337 440 24,392 10,875 28,886 28,370
Loans 5,222 3,614 7,984 20,321 -9,709 14,629 22,211
Currency and deposits -1,255 -8,916 3,743 1,189 4,298 27,773 313
Other assets 5,044 -2,035 -11,286 2,882 16,286 -13,517 5,846
Net incurrence of liabilities 52,020 28,344 15,918 79,052 59,369 161,607 182,683
Foreign direct investment in Canada 3,626 17,166 5,275 7,995 14,902 40,953 45,339
Foreign portfolio investment in Canadian securities 27,216 6,050 28,563 32,273 16,306 97,335 83,192
Canadian debt securities 22,146 6,705 28,320 24,751 22,448 76,198 82,224
Canadian money market instruments 9,810 -7,759 10,237 4,862 5,915 32,021 13,255
Canadian bonds 12,335 14,464 18,083 19,889 16,533 44,177 68,969
Canadian equity and investment fund shares 5,070 -656 243 7,522 -6,142 21,136 968
Other foreign investment in Canada 21,178 5,128 -17,921 38,785 28,161 23,319 54,152
Loans 6,421 -1,827 -4,552 8,685 1,565 -1,213 3,871
Currency and deposits 14,255 6,661 -13,350 29,718 26,499 22,561 49,529
Special drawing rights 0 0 0 0 0 0 0
Other liabilities 502 293 -19 381 97 1,971 752
Discrepancy (net errors and omissions) -5,163 630 4,918 -3,052 997 -4,701 3,493
1.
Transactions are recorded on a net basis.
2.
In the financial account, a plus sign denotes an increase in investment and a minus sign denotes a decrease in investment.