UPDATE 1-Canada falls into current account deficit in 4th-qtr

Newswire

(Adds details) OTTAWA, Feb 29 (Reuters) - Canada fell into a current account deficit of C$513 million ($523 million) in the fourth quarter, the first shortfall since the second quarter of 1999 on sagging exports and a record travel deficit, Statistics Canada said on Friday. The deficit was slightly larger than the C$300 million deficit forecast by analysts, on average. A combination of weak demand from the slowing U.S. economy and a strong Canadian dollar pushed the goods trade surplus ...

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