Investing.com – Canada’s current account deficit widened more-than-expected in the second quarter of 2011, official data showed on Tuesday.
In a report, Statistics Canada said the country’s current account deficit widened to a seasonally adjusted CAD15.3 billion, compared to a deficit of CAD10.1 billion in the previous quarter, whose figure was revised from a deficit of CAD8.9 billion.
Analysts had expected Canada’s current account deficit to widen to CAD13.8 billion in the second quarter.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.2% to trade at 0.9791.
In a report, Statistics Canada said the country’s current account deficit widened to a seasonally adjusted CAD15.3 billion, compared to a deficit of CAD10.1 billion in the previous quarter, whose figure was revised from a deficit of CAD8.9 billion.
Analysts had expected Canada’s current account deficit to widen to CAD13.8 billion in the second quarter.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.2% to trade at 0.9791.