A Chinese purchase of a Canadian-made Bombardier aircraft is recorded in the Canadian balance of payments as:

Question

Quizplus · Accepted Answer

When a Chinese entity purchases a Canadian-made Bombardier aircraft, it is considered an export of goods from Canada to China. This transaction increases Canada's exports, which is recorded as a positive entry in the current account of Canada's balance of payments. The current account tracks the trade balance, including exports and imports of goods and services, along with earnings on overseas investments minus payments made to foreign investors.

A Chinese Purchase of a Canadian-Made Bombardier Aircraft Is Recorded