- Prior reading (Q1) revised to -$12.92B from -$14.05B
Deficit widens compared to Q1. On record, this would be the 35th consecutive current account deficit.
The wider deficit was mainly due to a surge in imports, which jumped 5.5%.
USDCAD is higher on the day trading at 1.2557 currently, on the back of the stronger US ADP employment change earlier here, as well as the higher than expected US Q2 GDP reading.