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Global markets: Canada’s account deficit narrows

By Commodity News Service Canada

WINNIPEG, November 29 – The following is a glance at the news moving markets globally.

– Canada’s current account deficit (on a seasonally adjusted basis) narrowed C$0.7 billion in the third quarter to C$18.3 billion, following three straight quarterly increases, Statistics Canada said in a report on Tuesday.

In the financial account (unadjusted for seasonal variation), strong foreign investment in Canadian corporate bonds led the inflow of funds in the quarter

– Realized net farm income totalled C$8.3 billion in 2015, its fifth increase in six years. The 10.7 per cent increase in 2015 followed a 19.3 per cent advance in 2014, Statistics Canada said in a report on Tuesday.

Realized net income is the difference between a farmer’s cash receipts and operating expenses, minus depreciation, plus income in kind.

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