Table I.1
Canada-United States Current Account Reconciliation - 2008

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Item Canada Official statistics Common-basis estimates after definitional and methodological adjustments Reconciled estimates, including statistical adjustments Total adjustments to published estimates
Canada United States Difference Canada United States Difference Canada United States Canada United States
millions of Canadian dollars millions of U.S. dollars
Northbound
Goods and services 332,932 312,319 307,306 5,013 309,213 307,311 1,902 310,529 310,529 -1,790 3,223
Goods, balance of payments basis
 281,556 264,124 262,282 1,842 262,207 261,893 314 261,991 261,991 -2,133 -291
Services
 51,376 48,195 45,024 3,171 47,006 45,418 1,588 48,538 48,538 343 3,514
Travel
 16,522 15,499 14,667 832 15,499 15,874 -375 15,633 15,633 134 966
Passenger fares
 3,664 3,437 3,664 -227 3,437 3,664 -227 3,437 3,437 ... -227
Other transportation
 3,903 3,661 3,101 560 3,708 3,337 371 3,608 3,608 -53 507
Freight
 3,006 2,820 2,536 284 2,620 2,361 259 2,543 2,543 -277 7
Port services
 763 716 565 151 963 959 4 940 940 224 375
Other
 133 125 ... 125 125 17 108 125 125 ... 125
Other services
 27,287 25,598 23,592 2,006 24,362 22,543 1,819 25,860 25,860 262 2,268
Affiliated
 15,359 14,408 8,269 6,139 12,852 7,688 5,164 10,270 10,270 -4,138 2,001
Unaffiliated
 11,929 11,190 15,049 -3,859 11,510 14,581 -3,071 15,316 15,316 4,126 267
U.S. military sales
 ... ... 274 -274 ... 274 -274 274 274 274 .
Income 52,389 49,145 56,503 -7,358 42,663 56,591 -13,928 49,930 49,930 785 -6,573
Investment income
 52,389 49,145 56,340 -7,195 42,487 56,429 -13,942 49,768 49,768 623 -6,572
Direct investment
 23,556 22,098 32,410 -10,312 20,192 32,364 -12,172 26,278 26,278 4,180 -6,132
Earnings of affiliates
 21,385 20,061 31,319 -11,258 18,963 31,273 -12,310 25,119 25,119 5,058 -6,200
Interest
 2,171 2,037 1,091 946 1,229 1,091 138 1,159 1,159 -878 68
Other investment
 28,832 27,047 23,930 3,117 22,295 24,065 -1,770 23,490 23,490 -3,557 -440
Securities
 21,750 20,403 18,700 1,703 19,446 20,039 -593 20,052 20,052 -351 1,352
U.S. claims/Canadian liabiliaties
 7,083 6,644 5,230 1,414 2,849 4,026 -1,177 3,438 3,438 -3,206 -1,792
Compensation of employees1
 ... ... 162 -162 176 162 14 162 162 162 ...
Current unilateral transfers2 2,012 1,887 ... 1,887 732 39 693 386 386 -1,501 386
Current account, northbound 387,332 363,351 363,809 -458 352,608 363,941 -11,333 360,845 360,845 -2,506 -2,964
Southbound
Goods and services 407,529 382,297 368,133 14,164 386,166 380,862 5,304 386,338 386,338 4,041 18,205
Goods, balance of payments basis
 370,015 347,106 342,664 4,442 351,994 354,748 -2,754 354,836 354,836 7,730 12,172
Services
 37,514 35,191 25,469 9,722 34,172 26,114 8,058 31,502 31,502 -3,689 6,033
Travel
 7,626 7,154 6,879 275 7,154 7,123 31 7,154 7,154 ... 275
Passenger fares
 399 374 362 12 374 362 12 374 374 ... 12
Other transportation
 4,929 4,624 4,264 360 4,634 4,642 -8 4,677 4,677 53 413
Freight
 3,765 3,532 3,614 -82 3,532 3,355 177 3,470 3,470 -62 -144
Port services
 1,024 961 650 311 1,046 1,210 -164 1,130 1,130 169 480
Other
 140 131 ... 131 56 77 -21 77 77 -54 77
Other services
 24,560 23,039 13,964 9,075 22,010 13,987 8,023 19,297 19,297 -3,742 5,333
Affiliated
 13,412 12,582 5,624 6,958 11,219 5,255 5,964 8,237 8,237 -4,345 2,613
Unaffiliated
 10,897 10,222 8,099 2,123 10,556 8,491 2,065 10,819 10,819 597 2,720
U.S. defense expenditures
 251 235 241 -6 235 241 -6 241 241 6 ...
Income 24,113 22,620 22,522 98 17,839 21,018 -3,179 20,055 20,055 -2,565 -2,467
Investment income
 24,113 22,620 21,960 660 17,468 20,457 -2,989 19,494 19,494 -3,126 -2,466
Direct investment
 8,284 7,771 8,064 -293 6,764 7,762 -998 7,263 7,263 -508 -801
Earnings of affiliates
 7,689 7,213 7,850 -637 7,039 7,548 -509 7,293 7,293 80 -557
Interest
 595 558 214 344 -275 214 -489 -30 -30 -588 -244
Other investment
 15,829 14,849 13,896 953 10,704 12,695 -1,991 12,231 12,231 -2,618 -1,665
Securities
 9,989 9,371 10,994 -1,623 8,690 11,177 -2,487 10,354 10,354 983 -640
Canadian claims/U.S. liabiliaties
 4,512 4,233 2,139 2,094 1,017 755 262 997 997 -3,236 -1,142
U.S. Government liabilities
 1,327 1,245 763 482 997 763 234 880 880 -365 117
Compensation of employees1
 ... ... 561 -561 371 561 -190 561 561 561 ...
Current unilateral transfers 6,084 5,707 1,750 3,957 1,766 1,789 -23 1,777 1,777 -3,930 27
Current account, southbound 437,725 410,624 392,405 18,219 405,771 403,669 2,102 408,170 408,170 -2,454 15,765
Balance3
Current account 50,393 47,273 -28,596 ... 53,163 -39,728 ... 47,325 -47,325 ... ...
Notes:
1. In the Canadian official statistics, compensation of employees is included in "other" services.
2. Current unilateral transfers are published on a net basis in the U.S. accounts and appear as net payments under Southbound.
3. A Canadian surplus (+) is a U.S. deficit (-), and a U.S. surplus (+) is a Canadian deficit (-).