Investing.com - Canada’s current account deficit widened less-than-expected in the final three months of 2013, official data showed on Thursday.
In a report, Statistics Canada said the country’s current account deficit widened to a seasonally adjusted C$16.0 billion in the fourth quarter from a deficit of C$14.8 billion in the previous quarter.
Analysts had expected Canada’s current account deficit to widen to C$17.0 billion in the fourth quarter.
This increase was mostly because of a larger deficit on trade in goods.
Following the release of the data, the Canadian dollar was modestly higher against its U.S. counterpart, with USD/CAD shedding 0.09% to trade at 1.1123.