Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

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30 May 2022

Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

Canada's Current Account for Q1 rose to C$5.0B from -C$0.1B in Q4 2021, bigger than the expected jump to C$3.2B, data released by Statistics Canada on Monday revealed. Positive moves in global commodity markets helped boost Canadian exports last quarter, and will likely do the same in Q2.

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