OTTAWA — Canada’s
cutting-edge account deficit widened to $16.77 billion in the first quarter as
susceptible crude oil expenses dragged down the price of exports, records Canada
said on Monday.
The shortfall matched a prediction with the aid of analysts
in a Reuters ballot . Statscan revised the deficit for the fourth zone of 2015
to $15.seventy one billion from an initial $15.38 billion.
The deficit on global transactions in goods deepened to
$6.34 billion from $5.04 billion. ordinary, exports of products dropped via
$1.49 billion to $one hundred thirty.36 billion as tender crude charges reduce
the value of electricity exports.
the overall deficit on global trade in services narrowed by
way of $171 million to $5.65 billion as U.S.
citizens multiplied their spending in Canada.
The deficit on go-border investment profits flows remained
definitely unchanged at $3.forty one billion.
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