Canadian current account deficit grew 60% in Q2

Canadian current account deficit in the second quarter of 2012 widened by almost 60%, as nation's exports of energy declined and due to a higher level of imports, Statistics Canada said on Thursday, August 30. The trade deficit soared to $16.02 billion between April and June 2012, from a revised $10.15 billion in the preceding quarter. Analysts have expected a deficit of $15.30 billion.