Canada's Balance of International Payments

Balance of international payments, incurrence of liabilities of economy, value

Balance of international payments, incurrence of liabilities refers to the difference between the incurrence and repayment of liabilities in the Financial Account of the Balance of Payments. A positive sign refers to an increase in Canadian liabilities to non-residents while a negative sign refers to a reduction in Canadian liabilities.

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.

The data for this variable are reported using the following measurements:

  • Canadian dollar at current prices
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