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Canada's balance of international payments

Fourth quarter 2009

  1. The current account deficit on transactions with the rest of the world narrowed to $9.8 billion in the fourth quarter of 2009 (on a seasonally adjusted basis), largely reflecting an energy-led increase in exports of goods. Cross-border financial transactions (unadjusted for seasonal variation) continued to generate large inflows of funds, with foreign acquisitions of Canadian bonds again dominating in the quarter to cap a year of unprecedented foreign investment in Canadian securities.