Table 1 
Balance of payments – Not seasonally adjusted 

Balance of payments – Not seasonally adjusted
  First quarter 2023 Second quarter 2023 Third quarter 2023 Fourth quarter 2023 First quarter 2024 2022 2023
  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 -3,951 -9,446 -9,185 1,775 -5,080 -10,365 -20,807
Current account balances -3,894 -9,675 -9,185 1,775 -5,028 -10,312 -20,980
Goods and services 1,218 -11,512 -5,085 2,253 -2,791 3,691 -13,126
Goods 5,527 -7,680 -4,247 4,548 2,586 19,706 -1,852
Services -4,309 -3,832 -838 -2,295 -5,377 -16,016 -11,274
Primary income 424 2,250 -3,369 628 -1,011 -10,023 -66
Compensation of employees -1,523 -1,558 -1,596 -1,632 -1,666 -5,761 -6,309
Investment income 1,947 3,808 -1,773 2,261 655 -4,261 6,243
Direct investment 12,805 15,172 11,246 15,351 12,563 35,369 54,574
Portfolio investment -10,117 -10,616 -11,769 -11,326 -10,471 -31,408 -43,828
Other investment -741 -747 -1,249 -1,764 -1,437 -8,223 -4,502
Secondary income -5,536 -414 -731 -1,106 -1,226 -3,980 -7,787
Capital account balance -57 229 0 0 -52 -53 172
Financial account1,2              
Net lending / net borrowing, from financial account -5,691 -2,000 -7,798 -115 -178 -3,154 -15,604
Net acquisition of financial assets -18,176 119,753 87,239 185,988 -66,920 278,939 374,804
Direct investment assets 55,680 7,897 31,129 17,308 29,788 112,772 112,014
Direct investment assets, equity 62,670 11,406 24,110 18,064 32,280 120,780 116,251
Direct investment assets, debt instruments -6,990 -3,510 7,019 -756 -2,492 -8,007 -4,236
Canadian portfolio investment in foreign securities -23,398 13,669 29,273 34,059 51,503 -11,485 53,603
Foreign debt securities 4,009 10,599 8,959 13,775 37,404 50,866 37,342
Foreign money market instruments 768 305 1,737 1,163 220 2,389 3,973
Foreign bonds 3,241 10,293 7,223 12,612 37,185 48,477 33,369
Foreign equity and investment fund shares -27,407 3,071 20,314 20,284 14,099 -62,351 16,261
Official international reserves 536 8,924 -789 781 1,988 13,817 9,451
Other Canadian investment abroad -50,993 89,263 27,626 133,840 -150,200 163,834 199,736
Loans -26,489 24,037 3,640 36,770 -32,576 86,322 37,958
Currency and deposits 14,963 16,071 14,462 57,669 -81,253 70,372 103,165
Trade credits and advances 1,304 2,836 99 -1,365 -189 915 2,874
Other accounts receivable -40,772 46,319 9,425 40,767 -36,181 6,225 55,739
Net incurrence of liabilities -12,484 121,753 95,037 186,103 -66,742 282,093 390,409
Direct investment liabilities 18,495 7,762 28,793 9,295 -6,189 64,825 64,345
Direct investment liabilities, equity 20,723 15,442 18,755 14,058 -2,530 66,356 68,978
Direct investment liabilities, debt instruments -2,228 -7,680 10,038 -4,763 -3,660 -1,531 -4,633
Foreign portfolio investment in Canadian securities -6,905 37,491 -10,199 12,395 23,568 137,612 32,781
Canadian debt securities 10,221 55,743 -4,855 19,979 29,682 149,633 81,089
Canadian money market instruments -16,613 14,437 1,492 2,117 -28,185 366 1,433
Canadian bonds 26,835 41,306 -6,347 17,862 57,868 149,267 79,656
Canadian equity and investment fund shares -17,127 -18,252 -5,345 -7,584 -6,115 -12,021 -48,307
Other foreign investment in Canada -24,074 76,500 76,443 164,413 -84,121 79,656 293,282
Loans -47,233 42,688 39,278 41,660 -16,771 42,468 76,394
Currency and deposits 23,421 33,347 37,216 122,077 -67,564 32,077 216,061
Special drawing rights 0 0 0 0 0 0 0
Trade credits and advances -402 326 -189 535 68 521 271
Other accounts payable 139 140 138 140 146 4,589 556
Discrepancy (net errors and omissions) -1,741 7,446 1,388 -1,890 4,902 7,211 5,203
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