From the Globe and Mail
Canada’s current account deficit widened to $16.77-billion in the first quarter as weak crude oil prices dragged down the value of exports, Statistics Canada said on Monday.
The shortfall matched a prediction by analysts in a Reuters poll. Statscan revised the deficit for the fourth quarter of 2015 to $15.71-billion from an initial $15.38-billion.
The deficit on international transactions in goods deepened to $6.34-billion from d$5.04-billion. Overall, exports of goods dropped by $1.49-billion to $130.36-billion as soft crude prices cut the value of energy exports.
