Notes

^1.

The transactions are presented using a double entry system. A plus sign (+) is used for an export or for a financial inflow arising either from a decrease in assets or an increase in liabilities. A minus sign (-) appears with an import or a financial outflow arising from an increase in assets or decrease in liabilities.

^2.

Prior to 1990, exports to the United States were compiled from Canadian customs documents and were reconciled with U.S. imports from Canada. This gave rise to certain reconciliation adjustments that were applied at the time by the Balance of Payments Division to the Canadian customs exports. Starting in 1990, most of these reconciliation adjustments were no longer needed as Canadian exports were measured directly from U.S. customs imports from Canada. Modifications to BOP adjustments associated with the data exchange are noted in Canada's Balance of International Payments, First Quarter 1990, Catalogue no. 67-001-XPB, p.13.

^3.

For additional details on recording of merchandise trade, please consult any of the following publications: Summary of Canadian International Trade (HS-based), Catalogue no. 65-001-XIB; Exports by Country (HS- based), Catalogue no. 65-003-XPB; Exports by Commodity (HS-based), Catalogue no.65-004-XPB; Imports by Country (HS-based), Catalogue no. 65-006-XPB; or Imports by Commodity (HS-based), Catalogue no. 65-007-XPB.

^4.

Except for relatively small flows to the United States from 1993, where U.S. customs imports are used without adjustment.

^5.

Based on the North American Industry Classification System (NAICS) 2002.

^6.

Existing bonds, with terms remaining to maturity of under one year, are still classified as bonds and not as short-term instruments.

^7.

An account in the name of the Minister of Finance and administered by the Bank of Canada.