OTTAWA - Statistics Canada says the country's seasonally adjusted current account deficit fell $500 million to $15.5 billion in the third quarter.
The agency says the change largely reflected reduced deficits on trade in goods and services as well as on investment income flows.
In the financial account, unadjusted for seasonal variation, increased foreign investment in Canadian securities and reduced Canadian assets held abroad in the form of currency and deposits were the largest contributors to the inflows of funds in the economy.
The deficit on trade in goods narrowed by $300 million to $2.2 billion in the third quarter, as exports strengthened more than imports.
The trade surplus with the United States was up $1.7 billion, largely accounted for by exports of energy and automotive products.
However, the trade deficit with other countries expanded to $14.5 billion as exports were down $1.2 billion and imports were up slightly.