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National Bank Says Data This Week Could Show a Shrinking Current Account Deficit

BY MT Newswires | ECONOMIC | 02/23/26 09:38 AM EST

09:38 AM EST, 02/23/2026 (MT Newswires) -- Canada's balance of payments data for the fourth quarter will be published on Thursday and could show the current account deficit shrinking from $9.68 billion to $5.25 billion, says National Bank of Canada.

A narrowing of the goods shortfall will likely have been only partially offset by a smaller services surplus, noted the bank.

National Bank also stated it will keep an eye out for the publication of the December Survey of Employment, Payrolls and Hours (SEPH), also on Thursday.

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