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Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

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Canada’s Current Account for Q1 rose to C$5.0B from -C$0.1B in Q4 2021, bigger than the expected jump to C$3.2B, data released by Statistics Canada on Monday revealed. Positive moves in global commodity markets helped boost Canadian exports last quarter, and will likely do the same in Q2. 

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  • Source: https://www.fxstreet.com/news/canada-q1-current-account-rises-to-c5b-versus-c32b-expected-202205301235

This Post was originally published on FX Street

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