Canada's current account deficit widens on weak oil prices

Source: Reuters

The Canadian current account deficit grew to C$16.77 billion in the Q1 2016 as tumbling crude oil prices drove the country's exports down sharply, Statistics of Canada reported on Monday. In addition, the deficit for the Q4 2015 was revised up to C$15.71 billion from an originally reported C$15.38 billion reading. 




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