Statistics Canada
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Canada's Balance of International Payments

System of National Accounts

Third Quarter 2008

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Canada's balance of international payments

Third quarter 2008

  1. The current account surplus with the rest of the world narrowed in the third quarter of 2008, as exports slowed and earnings on foreign direct investment declined. On the financial side of the ledger, cross-border direct investment activity picked up while Canadian foreign portfolio investment eased and non-residents reduced their holdings of Canadian securities.