Canada's current account deficit (on a seasonally adjusted basis) widened by $2.3 billion in the first quarter to $14.1 billion, as the goods balance moved from a surplus to a deficit. In the financial account (unadjusted for seasonal variation), large foreign investment in Canadian corporate securities led the net inflow of funds into the economy. – Stats Canada – May 30, 2017 Canada’s current account gap widened as non-energy exports continue to struggle to gain traction. At around 2.7% of GDP, the shortfall is borderline sustainable, but still points to continued softness in the Canadian dollar. BMO Economics – May 31, 2017

1. BALANCE OF PAYMENTS –
CANADA – JUNE 2017
PAUL YOUNG CPA, CGA
JUNE 1, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. SUMMARY
• Canada's current account deficit (on a seasonally adjusted basis) widened by $2.3 billion in the first
quarter to $14.1 billion, as the goods balance moved from a surplus to a deficit. In the financial account
(unadjusted for seasonal variation), large foreign investment in Canadian corporate securities led the
net inflow of funds into the economy. – Stats Canada – May 30, 2017
• Canada’s current account gap widened as non-energy exports continue to struggle to gain traction. At
around 2.7% of GDP, the shortfall is borderline sustainable, but still points to continued softness in the
Canadian dollar. BMO Economics – May 31, 2017

4. WHAT ARE BALANCE OF PAYMENTS
• http://www.investopedia.com/articles/03/060403.asp
The balance of payments (BOP) is the method countries use to monitor all
international monetary transactions at a specific period. Usually, the BOP is
calculated every quarter and every calendar year. All trades conducted by both the
private and public sectors are accounted for in the BOP to determine how much
money is going in and out of a country. If a country has received money, this is known
as a credit, and if a country has paid or given money, the transaction is counted as a
debit

5. CANADA BALANCE OF PAYMENTS
Source - Stats Canada
------------------------Harper and CPC--------------------------- Liberal Party of Canada

6. CANADA BALANCE OF PAYMENTS
Source - Stats Canada

7. CANADA – BALANCE OF PAYMENTS
• BMO Economics

8. BALANCE OF PAYMENTS – POLITICAL PARTY - CANADA
• http://www.huffingtonpost.ca/ralph-goodale/mr-harpers-economic-recor_b_8020980.html or http://ipolitics.ca/2015/04/19/no-matter-how-you-add-it-up-harpers-
fiscal-record-is-a-catastrophe/ or https://www.liberal.ca/ralph-goodale-economic-speech-canada2020/ http://www.macleans.ca/politics/for-the-record-ralph-goodale-
on-the-economy/
Liberal Party of Canada
– Balance of payment
Conservative Party of Canada –
Balance of payment • Canada’s balance of payment
have been in deficit positions
with the exception Q1 to Q3
for 2014
• Liberals came to office in
4Q15 as such have similar
balance of payment
imbalances
MP Ralph Goodale has been quoted
“Harper government has led to $50B
t0 $70B balance of payment deficits”
The above charts show the Liberals
also have $50 to 70B balance of
payment deficits