Canada's current account deficit (on a seasonally adjusted basis) narrowed by $6.3 billion in the third quarter to $10.3 billion, the lowest level since the end of 2016. This reduction reflected lower deficits on goods, services and investment income.

In the financial account (unadjusted for seasonal variation), higher deposits held by non-resident investors in Canada led the inflow of funds in the economy. Sizeable Canadian direct investment abroad moderated the overall net inflow over the quarter.