Statistics Canada released current account data on Thursday. Canadian current account deficit narrowed to C$8.4 billion in the third quarter from a deficit of C$9.9 billion in the second quarter. The second quarter figure was revised up from a deficit of C$11.9 billion.

Analysts had expected a deficit of C$10.3 billion.

That was the best reading in six years.

The increase was driven by a rise in the surplus on the trade in goods.