New growth in the current account deficit of Canada

The deficit on the current account of Canada increased again in the first quarter of the year reached 17.47 billion Dollars. In the first three quarters of 2014 followed a downward trend.

Analysts had expected the negative balance to be higher -  18.6 billion. And the data from October - December 2014 were revised from 13.9 billion to  13.1 billion.

Increasing the deficit since October is due mainly to trade in goods, and more specifically - energy products. The trade deficit reached a record of 7.25 billion, as exports fell to 128 billion. The value of sold abroad energy products decreased by 5.9 bln Dollars, despite the higher trade off  volumes.