Canada's Balance of International Payments
Balance of international payments, acquisition of financial assets of economy, category
Balance of international payments, acquisition of financial assets refers to the difference between the acquisition and disposal of foreign assets in the Financial Account of the Balance of Payments. A positive sign refers to an increase in foreign assets held by residents while a negative sign refers to a reduction in foreign assets.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.