Question
Transactions between Canada and the rest of the world are shown below. Use the following information to answer the next four questions. Canadian citizens receive
Transactions between Canada and the rest of the world are shown below. Use the following information to answer the next four questions.
Canadian citizens receive C$5 million worth of dividends from foreign investments.
Imperial Oil (Canadian firm) invests C$60 million in overseas oil discovery.
Foreign tourists spend C$45 million in Canada.
Canadian government sells C$20 million worth of treasury securities to foreign nations.
Alcan (Canadian firm) sells C$8 million worth of aluminum to US companies.
Canadian government buys C$32 million worth of gold.
Canadian firm buys C$12 million worth of computer components from Sony.
Canada sends C$4 million in aid to Mexico.
Ford spends C$30 million in constructing an assembly plant in Canada.
Find Canada's balance of trade. Enter your final answer in terms of millions of dollars. Do not enter a non-numerical value when inputting your answer.
Find the capital account balance (in millions of C$).
-39 | ||
19 | ||
70 | ||
none of the above
Find Canada's current account balance. Enter your final answer in terms of millions of dollars. Do not enter a non-numerical value when inputting your answer.
Canada's capital account balance suggests that it is a net supplier of capital to the rest of the world. True False |
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