Statistics Canada released current account data on Monday. Canadian current account deficit widened to C$15.38 billion in the fourth quarter from a deficit of C$15.3 billion in the third quarter. The third quarter figure was revised up from a deficit of C$16.2 billion.

Analysts had expected the deficit to rise to C$15.6 billion.

The trade in goods deficit fell by C$0.3 billion to C$4.8 billion in the fourth quarter, while the deficit on international trade in services declined by $0.1 billion to C$5.8 billion.

In 2015 as whole, the current deficit climbed to C$65.7 billion from C$44.9 billion.