Statistics Canada released current account data on Monday. Canadian current account deficit widened to C$16.8 billion in the first quarter from a deficit of C$15.7 billion in the fourth quarter. The fourth quarter figure was revised down from a deficit of C$15.38 billion.

The trade in goods deficit rose by C$1.3 billion to C$6.3 billion in the first quarter, while the deficit on international trade in services declined by $0.2 billion to C$5.7 billion.