Table 1
Balance of payments – Not seasonally adjusted
| Second quarter 2024 | Third quarter 2024 | Fourth quarter 2024 | First quarter 2025 | Second quarter 2025 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| millions of dollars | millions of dollars | millions of dollars | millions of dollars | millions of dollars | millions of dollars | millions of dollars | |
| Capital account and current account | |||||||
| Net lending / net borrowing, from capital account and current account | -6,838 | -6,599 | 1,500 | -238 | -23,598 | -19,046 | -14,667 |
| Current account balances | -6,835 | -6,486 | 1,784 | -186 | -23,547 | -18,385 | -14,071 |
| Goods and services | -4,850 | -7,674 | 3,472 | 599 | -23,616 | 1,981 | -8,061 |
| Goods | -3,800 | -8,099 | 2,027 | 4,870 | -21,831 | -610 | -6,769 |
| Services | -1,050 | 424 | 1,445 | -4,271 | -1,785 | 2,591 | -1,292 |
| Primary income | -2,007 | 2,133 | -168 | 308 | 1,025 | -12,437 | -1,996 |
| Compensation of employees | -3,076 | -2,366 | -2,869 | -3,345 | -2,923 | -13,121 | -12,377 |
| Investment income | 1,070 | 4,499 | 2,701 | 3,653 | 3,949 | 684 | 10,382 |
| Direct investment | 14,682 | 17,577 | 16,597 | 20,162 | 18,252 | 51,328 | 64,240 |
| Portfolio investment | -12,284 | -12,354 | -13,522 | -13,323 | -12,822 | -43,923 | -49,150 |
| Other investment | -1,329 | -724 | -375 | -3,186 | -1,480 | -6,720 | -4,708 |
| Secondary income | 22 | -944 | -1,520 | -1,093 | -956 | -7,929 | -4,014 |
| Capital account balance | -3 | -113 | -285 | -52 | -52 | -661 | -597 |
| Financial account1,2 | |||||||
| Net lending / net borrowing, from financial account | -982 | -9,138 | -4,134 | 952 | -14,837 | -15,845 | -19,194 |
| Net acquisition of financial assets | 116,404 | 64,714 | 161,346 | 40,447 | 41,729 | 373,430 | 270,687 |
| Direct investment assets | 38,304 | 10,730 | 42,384 | 7,409 | 26,832 | 119,813 | 118,890 |
| Direct investment assets, equity | 29,459 | 11,891 | 38,853 | 960 | 28,616 | 119,344 | 108,909 |
| Direct investment assets, debt instruments | 8,845 | -1,161 | 3,531 | 6,448 | -1,784 | 468 | 9,981 |
| Canadian portfolio investment in foreign securities | 20,926 | 21,559 | 18,635 | 36,491 | 26,804 | 53,603 | 112,623 |
| Foreign debt securities | 21,326 | 4,156 | 23,427 | 19,298 | 7,098 | 37,342 | 86,313 |
| Foreign money market instruments | 2,064 | -7,206 | 3,478 | -1,071 | -1,944 | 3,973 | -1,445 |
| Foreign bonds | 19,262 | 11,362 | 19,949 | 20,369 | 9,042 | 33,369 | 87,758 |
| Foreign equity and investment fund shares | -400 | 17,404 | -4,792 | 17,193 | 19,706 | 16,261 | 26,310 |
| Official international reserves | 7,748 | 485 | -2,789 | 3,012 | -4,608 | 9,451 | 7,433 |
| Other Canadian investment abroad | 49,426 | 31,939 | 103,117 | -6,464 | -7,298 | 190,563 | 31,741 |
| Loans | -1,655 | 695 | 23,707 | 13,852 | -22,269 | 32,620 | -7,451 |
| Currency and deposits | 45,440 | 42,799 | 47,921 | 7,715 | 18,848 | 101,225 | 54,340 |
| Trade credits and advances | -201 | -126 | -591 | -543 | -330 | 1,049 | -2,218 |
| Other accounts receivable | 5,842 | -11,430 | 32,080 | -27,489 | -3,548 | 55,669 | -12,930 |
| Net incurrence of liabilities | 117,387 | 73,852 | 165,481 | 39,495 | 56,566 | 389,274 | 289,881 |
| Direct investment liabilities | 42,814 | 28,958 | 19,959 | 30,198 | 18,526 | 56,606 | 80,930 |
| Direct investment liabilities, equity | 31,080 | 21,868 | 28,770 | 26,130 | 18,885 | 68,295 | 82,281 |
| Direct investment liabilities, debt instruments | 11,734 | 7,090 | -8,811 | 4,068 | -360 | -11,689 | -1,350 |
| Foreign portfolio investment in Canadian securities | 66,445 | 52,629 | 49,484 | -5,784 | -16,847 | 32,809 | 192,530 |
| Canadian debt securities | 74,837 | 47,798 | 47,788 | 34,860 | -13,845 | 81,116 | 200,134 |
| Canadian money market instruments | 10,517 | -2,917 | 24,133 | -17,424 | -3,577 | 1,433 | 3,548 |
| Canadian bonds | 64,320 | 50,714 | 23,656 | 52,284 | -10,268 | 79,684 | 196,586 |
| Canadian equity and investment fund shares | -8,392 | 4,832 | 1,695 | -40,644 | -3,002 | -48,307 | -7,605 |
| Other foreign investment in Canada | 8,128 | -7,735 | 96,038 | 15,081 | 54,887 | 299,859 | 16,421 |
| Loans | -26,346 | -39,247 | 41,620 | 30,600 | -5,021 | 82,969 | -38,316 |
| Currency and deposits | 34,140 | 31,648 | 53,587 | -14,770 | 59,370 | 216,061 | 53,811 |
| Special drawing rights | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade credits and advances | 195 | -278 | 690 | -890 | 390 | 272 | 357 |
| Other accounts payable | 140 | 142 | 142 | 140 | 148 | 556 | 569 |
| Discrepancy (net errors and omissions) | 5,856 | -2,540 | -5,634 | 1,190 | 8,761 | 3,201 | -4,526 |
Source(s):
Table note 1
Transactions are recorded on a net basis.
Table note 2
In the financial account, a positive value denotes an increase in investment and a negative value denotes a decrease in investment.
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