OTTAWA - Statistics Canada says the country's current account deficit rose by $600 million to $10.3 billion in the first quarter on a seasonally adjusted basis.
The agency says a lower surplus on goods was partly offset by a lower deficit on investment income.
The overall goods surplus was down $1.3 billion in the first quarter, due mainly to lower exports.
But the surplus with the United States increased by $1.1 billion, reaching its highest level since the third quarter of 2008, led by increased exports of energy products.
Total exports of goods declined $1.3 billion to $120.2 billion, with shipments of industrial goods down $1.8 billion.
Imports of goods remained at $117.8 billion in the first quarter, with higher imports of cars and trucks offsetting lower imports of industrial goods, consumer goods and machinery and equipment.