Choose the Statement That Is Incorrect

Choose the statement that is incorrect.

A) A large current account deficit emerged in Canada during the 1980s.
B) Canada's official settlements balance is very large in comparison with the current account and the capital and financial account.
C) Canada's current account moved into a deficit after 2008.
D) Canada's current account moved into a surplus in the early to mid- 2000s.
E) Canada's capital and financial account balance is almost a mirror image of the current account balance.