OTTAWA - Statistics Canada says lower exports and higher imports pushed the current account deficit up to $16 billion in the second quarter on a seasonally adjusted basis.
The agency says that was $5.9-billion higher than in the first quarter.
It says the overall goods balance posted a $3.6-billion deficit in the second quarter, following three quarters of surpluses.
A combination of lower exports, especially in energy products, was a major driver in the deterioration.
This largely reflected trade with the United States, as the goods surplus with the U.S. narrowed by $5.5 billion to $9.9 billion, its lowest level since the fourth quarter of 2010.
Total exports of goods were down $3.6 billion, while imports expanded $2.3 billion in the second quarter.