Thursday, December 12, 2013
Released at 8:30 a.m. Eastern time
Canada's net foreign debt fell by $41.1 billion to $66.2 billion by the end of the third quarter, marking a third consecutive quarterly decline despite an ongoing current account deficit. The decline in the third quarter mainly reflected the impact of stronger foreign equity markets, which pushed up the value of Canada's international assets more than that of international liabilities.
Canadian industries operated at 81.7% of their production capacity in the third quarter, up from 81.1% in the previous quarter. The oil and gas extraction and manufacturing industries were the main sources of this increase.
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