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Canada second-quarter current account deficit narrows to C$8.63 billion

FILE PHOTO: The downtown skyline and CN Tower are seen past cranes in the waterfront area envisioned by Alphabet Inc's Sidewalk Labs as a new technical hub in the Port Lands district of Toronto, Ontario, Canada March 29, 2019. Picture taken March 29, 2019. REUTERS/Chris Helgren

OTTAWA, Aug 27 (Reuters) - Canada’s current account deficit narrowed to C$8.63 billion ($6.57 billion) in the second quarter from a revised C$13.22 billion deficit in the first quarter, on a lower trade deficit on both goods and services, Statistics Canada said on Thursday.

Seasonally adjusted figures in billions of Canadian dollars:

Q2 2020 Q1(Rev) Q1(Prev) Q2 2019

Current Account -8.626 -13.216 -11.093 -8.915

Goods -7.688 -8.677 -3.908 -2.062

Services -0.171 -4.484 -5.905 -4.775

Investment Income +0.726 +1.854 +0.609 -0.555

NOTE: Analysts had on average forecast a current account deficit of C$12.20 billion for the second quarter of 2020. Figures are seasonally adjusted.

($1=$1.3142 Canadian)

Reporting by Dale Smith; Editing by Julie Gordonjulie.gordon@tr.com; Reuters Ottawa Bureau +1 613 235 6745

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