Canada’s deficit on the current account of its balance of payments in the second quarter of 2022 was CAN 10.5billion(1.610.5 billion (1.6% of GDP). This represented a reduction from the deficit of CAN 10.5billion(1.612.1 billion (1.9% of GDP) recorded in the first quarter of 2022.
Evaluate whether Canada would benefit from a further reduction in the deficit on the current account of its balance of payments.
