In 2016,the $481 billion deficit on the Canadian current account was offset by a surplus of $406 billion on financial account.This difference is the result of a:

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A statistical discrepancy is a difference in the recorded value of a country's imports and exports of goods and services and the financial flows associated with those transactions. In this case, the large surplus in the financial account suggests that there may be errors or omissions in the recording of transactions, hence a statistical discrepancy. A budget deficit would refer to the government's spending exceeding its revenue, while a trade deficit would refer to imports exceeding exports. The national debt refers to the total amount of money owed by the government.

In 2016,the $481 Billion Deficit on the Canadian Current Account