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Canada's balance of international payments

First quarter 2009

  1. The current account deficit in the first quarter of 2009 expanded to $9.1 billion, led by a further decline of the goods surplus to $0.8 billion, as exports fell by more than imports. Cross-border portfolio investment flows on the capital and financial account rebounded following the turmoil of the fourth quarter of 2008, adding significantly to large net inflows of funds to Canada in the first quarter of 2009.