Canada’s External Position To Improve Marginally In 2024
Country Risk / Canada / Tue 05 Mar, 2024
Key View
- We forecast that Canada’s current account deficit will narrow to a 16-year low of 0.2% of GDP in 2024, from 0.6% in 2023.
- This improvement will largely reflect a combination of softer import demand linked to a challenging domestic economic environment and a rebound in oil production.
- Canada’s external sector continues to pose