Table 1 
Balance of payments – Not seasonally adjusted 

Balance of payments – Not seasonally adjusted
  Third quarter 2022 Fourth quarter 2022 First quarter 2023 Second quarter 2023 Third quarter 2023 2021 2022
  millions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollarsmillions of dollars
Capital account and current account              
Net lending / net borrowing, from capital account and current account -14,257 -3,583 -4,898 -10,909 -7,529 334 -10,365
Current account balances -14,257 -3,583 -4,841 -11,138 -7,529 371 -10,312
Goods and services -8,036 156 161 -13,113 -6,723 216 3,691
Goods -3,267 1,379 5,295 -7,211 -3,723 2,460 19,706
Services -4,769 -1,222 -5,135 -5,902 -3,000 -2,244 -16,016
Primary income -5,451 -2,778 307 2,250 -132 4,933 -10,023
Compensation of employees -1,456 -1,486 -1,523 -1,558 -1,596 -5,422 -5,761
Investment income -3,995 -1,292 1,829 3,809 1,464 10,355 -4,261
Direct investment 6,347 9,244 12,940 15,606 15,240 38,892 35,369
Portfolio investment -9,161 -9,185 -10,121 -10,620 -11,727 -21,514 -31,408
Other investment -1,180 -1,351 -990 -1,178 -2,049 -7,022 -8,223
Secondary income -770 -961 -5,309 -276 -673 -4,777 -3,980
Capital account balance 0 0 -57 229 0 -38 -53
Financial account1,2              
Net lending / net borrowing, from financial account -9,351 -2,763 -6,298 -5,583 -144 10,357 -3,154
Net acquisition of financial assets 89,136 134,964 -17,374 120,442 89,185 426,276 278,939
Direct investment assets 27,103 15,370 56,439 12,889 29,311 130,049 112,772
Direct investment assets, equity 31,680 21,569 63,072 15,151 27,658 128,048 120,780
Direct investment assets, debt instruments -4,576 -6,199 -6,632 -2,261 1,653 2,001 -8,007
Canadian portfolio investment in foreign securities 10,219 10,643 -23,398 14,569 31,273 161,466 -11,485
Foreign debt securities 13,870 14,067 4,009 11,499 10,959 48,829 50,866
Foreign money market instruments -1,592 2,306 768 305 1,737 327 2,389
Foreign bonds 15,462 11,761 3,241 11,193 9,223 48,501 48,477
Foreign equity and investment fund shares -3,650 -3,424 -27,407 3,071 20,314 112,638 -62,351
Official international reserves 2,087 1,187 536 8,924 -789 25,320 13,817
Other Canadian investment abroad 49,727 107,764 -50,951 84,059 29,390 109,440 163,834
Loans 48,315 47,067 -25,998 23,832 12,555 26,177 86,322
Currency and deposits 5,768 22,678 14,523 15,199 15,384 60,518 70,372
Trade credits and advances 2,290 -3,153 1,304 -255 195 712 915
Other accounts receivable -6,646 41,171 -40,780 45,283 1,257 22,034 6,225
Net incurrence of liabilities 98,488 137,726 -11,076 126,025 89,328 415,919 282,093
Direct investment liabilities 13,744 14,725 18,380 10,954 20,362 74,258 64,825
Direct investment liabilities, equity 13,477 14,922 21,317 16,316 17,939 66,246 66,356
Direct investment liabilities, debt instruments 267 -196 -2,936 -5,362 2,423 8,012 -1,531
Foreign portfolio investment in Canadian securities 15,089 42,400 -6,902 37,492 -10,135 217,466 137,612
Canadian debt securities 25,288 41,911 10,221 55,743 -4,857 171,634 149,633
Canadian money market instruments -5,474 20,127 -16,613 14,437 1,490 40,897 366
Canadian bonds 30,762 21,784 26,835 41,306 -6,347 130,737 149,267
Canadian equity and investment fund shares -10,199 489 -17,124 -18,251 -5,278 45,832 -12,021
Other foreign investment in Canada 69,655 80,601 -22,554 77,579 79,102 124,195 79,656
Loans 30,933 51,571 -46,208 42,696 39,760 36,102 42,468
Currency and deposits 36,540 28,685 23,421 33,175 37,150 68,568 32,077
Special drawing rights 0 0 0 0 0 18,943 0
Trade credits and advances 532 -298 -406 319 54 -2,222 521
Other accounts payable 1,650 643 639 1,390 2,138 2,804 4,589
Discrepancy (net errors and omissions) 4,906 820 -1,400 5,326 7,385 10,024 7,211
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