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Economic Calendar Terms

Current Account Q4, C$

Statistics Canada,
170 Tunney's Pasture Driveway,
K1A 0T6

The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: -(BOP) TRADE BALANCE -(BOP) GENERAL GOVERNMENT -(BOP) TRANSPORT -(BOP) TRAVEL -(BOP) FINANCIALS AND OTHER SERVICES -(BOP) INTEREST,PROFITS,AND DIVIDENDS -(BOP) TRANSFERS