Reconciliation of the U.S.-Canadian current account, 2006-2007.

Sauers, Renee ; Dozier, Edward ; Caron, Denis 等

ON A RECONCILED basis, the U.S. current-account deficit with Canada, or Canadian surplus, is $59.7 billion for 2006 and $51.8 billion for 2007 (chart 1, table 1). (1) The U.S. published current-account balance with Canada is a U.S. deficit of $46.0 billion for 2006 and a U.S. deficit of $37.3 billion for 2007; the corresponding Canadian published balance is a Canadian surplus of $58.0 billion for 2006 and a Canadian surplus of $47.7 billion for 2007. (2)

The results of the reconciliation of the bilateral current-account estimates of Canada and the United States for 2006 and 2007 are presented in this article. (3) The details of the current-account reconciliation for 2006 and 2007 are presented in the tables that follow this article. Tables 2.1 and 2.2 show the details of the major types of reconciliation adjustments--definitional, methodological, and statistical--that were made to the major current-account components. Tables 3.1 and 3.2 present the published estimates, the estimates on a common basis (after the estimates have been adjusted for definitional and methodological differences), the reconciled estimates, and the amounts of the adjustments for each major current-account component. Tables 4-7 present the reconciliation details for goods, services, and investment income. (4)

[GRAPHIC 1 OMITTED]

Reconciled Current-Account Balances

In the U.S. current account, the reconciliation adjustments result in an increase of $13.7 billion in the U.S. deficit for 2006 and an increase of $14.5 billion in the U.S. deficit for 2007. For both years, the increase in the U.S. deficit reflects an upward adjustment to the U.S. southbound estimates, which was partly offset by an upward adjustment to the U.S. northbound estimates (tables 2.1 and 2.2). (5) For both years, the largest increases in the U.S. southbound estimates result from the addition of Canadian reexports to U.S. goods imports (a definitional adjustment) and from statistical adjustments to southbound services. For 2006, the largest increases in the U.S. northbound estimates result from statistical adjustments to "other" services and from an adjustment to bring U.S. transfers to a gross basis (a methodological adjustment). For 2007, the largest increases in the U.S. northbound estimates result from statistical adjustments to direct investment income and from definitional adjustments to "other" investment income.

In the Canadian current account, the reconciliation adjustments result in an increase of $1.7 billion in the Canadian surplus for 2006 and in an increase of $4.1 billion in the Canadian surplus for 2007. For both years, the increases in the Canadian surplus reflect downward adjustments to the Canadian northbound estimates, which were partly offset by downward adjustments to the Canadian southbound estimates. For both years, the largest downward adjustments to the Canadian southbound estimates are from the elimination of the withholding taxes in current unilateral transfers (definitional adjustment), from adjustments to bring "other" investment income to a net basis (methodological adjustment), and from adjustments for statistical differences in affiliated services. In the Canadian northbound estimates, the largest downward adjustments for both years are from the elimination of withholding taxes from direct investment and "other" investment income (definitional adjustments), from adjustments to bring "other" investment income to a net basis (methodological adjustment), and from definitional adjustments to "other" services.

Summary of Reconciliation Methodology

In reconciling the U.S.- and Canadian-published bilateral current-account estimates, the estimates are first restated to a common basis--that is, they are adjusted for definitional and methodological differences; the remaining adjustments that are needed to reach the reconciled values are the statistical adjustments. The framework for reconciling the U.S. and Canadian estimates to a common basis mainly follows the international standards published in the International Monetary Fund's Balance of Payments Manual (fifth edition). The U.S.- and Canadian-published estimates now largely conform to the international standards, but some differences with the international standards--and between the U.S. and Canadian estimates--remain in the published estimates because of data limitations, difficulties in determining country attribution, and differences in classification and because in a few cases, international standards provide for more than one acceptable treatment.

The definitional adjustments mainly reflect data limitations and differences in country attribution. For example, as part of the reconciliation, U.S.-published estimates of imports of goods from Canada are adjusted to include Canadian reexports to the United States (goods imported by Canada from third countries and then reexported to the United States without substantial changes) because U.S. imports of goods are recorded on a country-of-origin basis. Another example of a definitional adjustment is that the Canadian estimates, mainly investment income, are adjusted to a basis that is net of withholding taxes because some U.S. withholding tax estimates are included on a global basis in the U.S.-published accounts and cannot be allocated by country for comparison with the Canadian estimates. This definitional adjustment causes the reconciled estimates to depart from the international statistical standards, but without this adjustment, the data could not be compared on a common basis.

The methodological adjustments mainly reflect differences in classification. For example, parts of the U.S. estimates of film rentals and courier services are recorded in various services accounts; for reconciliation, they are reclassified to a single account. A few U.S. and Canadian accounts, mainly interest income, are adjusted to a net or gross basis for comparability. These adjustments do not affect the current-account balance, because the northbound and the southbound methodological adjustments are offsetting.

Statistical differences reflect the use of different source data in the United States and Canada, the difficulty in determining country attribution because of insufficient data, the preliminary nature of some of the data (particularly for the most recent year), and the use of sample data between benchmarks. For both the northbound and the southbound estimates, most of the statistical differences are in the U.S. and Canadian estimates of "other" services and investment income.

Acknowledgments

The reconciliations were carried out under the direction of Denis Caron, Chief, Current Account, at Statistics Canada and Edward Dozier and Renee Sauers, international economists at BEA. At Statistics Canada, Angela Yuan was responsible for the production and coordination of reconciliation tables and for reconciling Canadian goods; Denis Caron was responsible for reconciling Canadian services; Christian Lajule, for Canadian direct investment income; and Eric Boulay, for Canadian portfolio investment income, with the collaboration and assistance of Komal Bobal, Heather Collier, Marlena Ifrim, Marie-Josee Lamontagne, Francois Lavoie, Barry Mersereau, Robert Theberge, and Yiling Zhang. At BEA, Mai-Chi Hoang was responsible for reconciling goods; Edward Dozier, Vivian Wong, and Anne Flatness, for services, with the assistance of Kristy Howell for financial services; Gregory Fouch and Peter Fox, for the accounts related to Canadian direct investment in the United States; Mark New, for the accounts related to U.S. direct investment in Canada; and Kristy Howell and Cavan Wilk, for the portfolio income accounts.

(1.) The reconciled estimates are intended to show how the current-account estimates would appear if both countries used the same definitions, methodologies, and data sources. In this article, all values are expressed in U.S. dollars.

(2.) For this year's reconciliation, the U.S. deficit for 2006 is revised up from the previously published deficit of $40.7 billion used in last year's reconciliation, and the Canadian surplus for 2006 is revised down from the previously published surplus of $59.3 billion used in last year's reconciliation.

(3.) The reconciliation of the current account has been undertaken each year since 1970. Summary results of the reconciliations were published in the United States in the following issues of the SURVEY OF CURRENT BUSINESS: June 1975, September 1976 and 1977, December 1978 and 1979, June 1981, and each December of 1981-91. Complete details of the reconciliations were published in the following issues of the SURVEY: November 1992, each October of 1993-95, and each November of 1996-2007. In Canada, the results were published in the following issues of Canada's Balance of International Payments (catalogue 67-001), a publication of Statistics Canada: Fourth Quarter 1973, Second Quarter 1976 and 1977, Third Quarter 1978 and 1979, First Quarter 1981, and each Third Quarter of 1981-2007.

(4.) For the reconciliation, some of the details presented in the tables in this article differ from those presented in the balance-of-payments tables regularly published by the U.S. Bureau of Economic Analysis and by Statistics Canada.

(5.) In this article, the term "northbound" refers to U.S. exports of goods and services, U.S. income receipts, and current unilateral transfers to the United States, and it refers to Canadian imports of goods and services, Canadian income payments, and current unilateral transfers from Canada. The term "southbound" refers to U.S. imports of goods and services, U.S. income payments, and current unilateral transfers from the United States, and it refers to Canadian exports of goods and services, Canadian income receipts, and current unilateral transfers to Canada.

Note on the U.S.-Canadian Current-Account Reconciliation

The U.S.-Canadian current-account reconciliation, which explains the differences between the estimates of the bilateral current account published by the U.S. Bureau of Economic Analysis (BEA) and those published by Statistics Canada, is undertaken because of the extensive economic links between Canada and the United States. The reconciled estimates are intended to assist analysts who use both countries' statistics and to show how the current-account estimates would appear if both countries used common definitions, methodologies, and data sources. (1)

In principle, the bilateral current account of one country should mirror the bilateral current account of the other country. Differences occur in the published estimates of the U.S. and Canadian current accounts because of variations in the definitions, methodologies, and statistical sources that are used by each country. Some of the differences for 2007 are in components of the current account for which data are still preliminary and subject to revision; these differences may be eliminated when final data for these components become available.

The longstanding Canadian-U.S. current-account reconciliation is among the leading examples of the benefits of international data exchanges. As a part of the reconciliation process, Canada and the United States have evaluated the accuracy of each other's estimates, and as a result, each country now includes in its published estimates some data that are provided by the other country. The exchange of data between Canada and the United States for transactions such as trade in goods, travel, passenger fares, Canadian and U.S. Government transactions, and some large transportation transactions covers a substantial portion of the value of the Canadian and U.S. current account and has eliminated some of the differences in the Canadian- and U.S.-published estimates. In addition, the reconciliation process has highlighted areas where errors and omissions may exist in each country's estimates, which has helped in targeting data improvement efforts.

Although the U.S.- and Canadian-published estimates are reconciled and there is extensive exchange of data between Canada and the United States, differences in the published estimates remain. Complete substitution of the reconciled estimates for published estimates and complete exchange of data are not feasible for several reasons. For trade in goods, imports in the U.S. accounts would be affected because the United States attributes Canadian reexports to the country of origin rather than to Canada, the last country of shipment. For some accounts, the protection of the confidentiality of the source data bars the exchange of data. Finally, a few differences are attributable to different requirements for integrating the international and national (domestic) accounts in each country.

(1.) A detailed article on the methodology was published by BEA in "Reconciliation of the U.S.-Canadian Current Account" in the November 1992 Survey and by Statistics Canada in Reconciliation of the Canadian-United States Current Account, 1990-1991. Statistics Canada also published a shortened version in the December 1992 Canadian Economic Observer and in Canada's Balance of International Payments, Third Quarter 1992.

Table 1. Major U.S. Canadian Balances
[Billions of U.S. dollars]

 Published Reconciled
 estimates estimates

 United United
 States Canada States Canada

 2006

 Goods and services -61.7 75.7 -75.4 75.4
 Goods -75.1 85.0 -85.6 85.6
 Services 13.3 -9.3 10.2 -10.2

 Income 15.5 -20.4 14.9 -14.9

 Current unilateral 0.3 2.6 0.8 -0.8
 transfers
Current account -46.0 58.0 -59.7 59.7

 2007

 Goods and services -52.5 69.1 -70.5 70.5
 Goods -70.6 80.3 -4.0 84.0
 Services 18.1 -11.2 13.5 -13.5

 Income 16.9 -24.6 19.9 -19.9

 Current unilateral -1.7 3.3 -1.2 1.2
 transfers
Current account -37.3 47.7 -1.8 51.8

NOTES. A U.S. surplus (+) is a Canadian deficit (-), and a
Canadian surplus (+) is a U.S. deficit Details may not
add to totals because of rounding.

Table 2.1. Summary of Reconciliation Adjustments, Northbound, 2006
[Millions of U.S. dollars]

 Definitional Methodological

 United United
 States Canada States Canada

Goods, balance-of-payments basis 70 -1,233 225 ...
 Definitional adjustments 70 -1,233 ... ...
 Reclassification of equipment
 repairs from unaffiliated
 services ... ... 225 ...
 Statistical adjustments ... ... ... ...

Services -152 -2,507 -225 -209

 Travel ... ... 1,060
 Reclassification of
 education from
 unaffiliated services ... ... 777 ...
 Reclassification of
 medical services from
 unaffiliated services ... ... 283 ...
 Statistical adjustments ... ... ... ...

 Passenger fares ... ... ... ...

 Other transportation ... -135 -118 262
 Definitional adjustments ... -135 ... ...
 Reclassification of
 courier services to
 unaffiliated services ... ... -118 ...
 Reclassification of
 transportation services
 from unaffiliated
 services ... ... ... 262
 Statistical adjustments ... ... ... ...

 Other services -152 -2,372 -1,167 -471

 Affiliated ... -1,313 -654 34
 Definitional adjustments ... -1,313 ... ...
 Reclassification of
 financial services to
 unaffiliated services ... ... -654 ...
 Reclassification of
 selected services
 from unaffiliated
 services ... ... ... 34
 Statistical adjustments ... ... ... ...

 Unaffiliated ... -1,059 -513 -505
 Definitional adjustments ... -1,059 ... ...
 Reclassification of
 transactions to or
 from other accounts ... ... -513 -505
 Statistical adjustments ... ... ... ...

 U.S. military sales -152 ... ... ...
 Definitional adjustments -152 ... ... ...
 Statistical adjustments ... ... ... ...

Income 1,023 -4,461 -1,551 -2,454

 Direct investment -155 -1,612 ... -70
 Definitional adjustments -155 -1,612 ... ...
 Adjustment of interest
 income to a net basis ... ... ... -70
 Statistical adjustments ... ... ... ...

 Other investment 1 -2,849 -1,551 -2,523
 Definitional adjustments 1,178 -2,849 ... ...
 Adjustment of interest
 income to a net basis ... ... -1,551 -2,523
 Statistical adjustments ... ... ... ...

 Compensation of employees ... ... ... 139
 Reclassification from
 unaffiliated services ... ... ... 139

Current unilateral transfers ... -935 1,645 76
 Definitional adjustments ... -935 ... ...
 Reclassification from
 unaffiliated services ... ... ... 76
 Adjustment of US transfers
 to a gross basis ... ... 1,645 ...
 Statistical adjustments ... ... ... ...

 Total adjustments 941 -9,136 94 -2,587

 Statistical Total

 United United
 States Canada States Canada

Goods, balance-of-payments basis 512 -664 807 -1,897
 Definitional adjustments ... ... 70 -1,233
 Reclassification of equipment
 repairs from unaffiliated
 services ... ... 225 ...
 Statistical adjustments 512 -664 512 -664

Services 1,710 1,375 1,333 -1,341

 Travel ... -50 1,060 -50
 Reclassification of
 education from
 unaffiliated services ... ... 777 ...
 Reclassification of
 medical services from
 unaffiliated services ... ... 283 ...
 Statistical adjustments ... -50 -50

 Passenger fares -153 ... -153 ...

 Other transportation 154 -92 36 35
 Definitional adjustments ... ... ... -135
 Reclassification of
 courier services to
 unaffiliated services ... ... -118 ...
 Reclassification of
 transportation services
 from unaffiliated
 services ... ... ... 262
 Statistical adjustments 154 -92 154 -92

 Other services 1,709 1,517 390 -1

 Affiliated 1,406 -672 752 -1,951
 Definitional adjustments ... ... ... -1,313
 Reclassification of
 financial services to
 unaffiliated services ... ... 654 ...
 Reclassification of
 selected services
 from unaffiliated
 services ... ... ... 34
 Statistical adjustments 1,406 -672 1,406 -672

 Unaffiliated 303 2,129 -210 565
 Definitional adjustments ... ... ... -1,059
 Reclassification of
 transactions to or
 from other accounts ... ... 513 -505
 Statistical adjustments 303 2,129 303 2,129

 U.S. military sales ... 60 -152 60
 Definitional adjustments ... ... -152 ...
 Statistical adjustments ... 60 ... 60

Income -1,678 4,783 -2,206 -2,132

 Direct investment -2 4,882 -2 3,200
 Definitional adjustments ... ... -155 -1,612
 Adjustment of interest
 income to a net basis ... ... ... -70
 Statistical adjustments -1,778 4,882 -1,778 4,882

 Other investment 100 -98 -273 -5,470
 Definitional adjustments ... ... 1,178 -2,849
 Adjustment of interest
 income to a net basis ... ... -1,551 -2,523
 Statistical adjustments 100 -98 100 -98

 Compensation of employees ... -1 ... 138
 Reclassification from
 unaffiliated services ... -1 ... 138

Current unilateral transfers 280 96 1,925 -763
 Definitional adjustments ... ... ... -935
 Reclassification from
 unaffiliated services ... ... ... 76
 Adjustment of US transfers
 to a gross basis ... ... 1,645 ...
 Statistical adjustments 280 96 280 96

 Total adjustments 824 5,590 1,859 -6,133

Table 2.1 Summary of Reconciliation Adjustments, Northbound, 2007
[Millions of U.S. dollars]

 Definitional Methodological

 United United
 States Canada States Canada

Goods, balance-of-payments basis -173 -1,271 197 ...
 Definitional adjustments -173 -1,271 ... ...
 Reclassification of equipment
 repairs from unaffiliated
 services ... ... 197 ...
 Statistical adjustments ... ... ... ...

Services -187 -2,405 -197 21

 Travel ... ... 1,119 ...
 Reclassification of
 education from
 unaffiliated services ... ... 818 ...
 Reclassification of
 medical services from
 unaffiliated services ... ... 301 ...
 Statistical adjustments ... ... ... ...

 Passenger fares ... ... ... ...

 Other transportation ... -238 -129 334
 Definitional adjustments ... -238 ... ...
 Reclassification of
 courier services to
 unaffiliated services ... ... -129 ...
 Reclassification of
 transportation services
 from unaffiliated
 services ... ... ... 334
 Statistical adjustments ... ... ... ...

 Other services -187 -2,167 -1,187 -313

 Affiliated ... -1,198 -684 36
 Definitional adjustments ... -1,198 ... ...
 Reclassification of
 financial services to
 unaffiliated services ... ... -684 ...
 Reclassification of
 selected services
 from unaffiliated
 services ... ... ... 36
 Statistical adjustments ... ... ... ...

 Unaffiliated ... -969 -503 -349
 Definitional adjustments ... -969 ... ...
 Reclassification of
 transactions to or
 from other accounts ... ... -503 -349
 Statistical adjustments ... ... ... ...

 U.S. military sales -187 ... ... ...
 Definitional adjustments -187 ... ... ...
 Statistical adjustments ... ... ... ...

Income 1,102 -4,396 -2,158 -2,983

 Direct investment -127 -1,716 ... -161
 Definitional adjustments -127 -1,716 ... ...
 Adjustment of interest
 income to a net basis ... ... ... -161
 Statistical adjustments ... ... ... ...

 Other investment 1,229 -2,680 -2,158 -2,975
 Definitional adjustments 1,229 -2,680 ... ...
 Adjustment of interest
 income to a net basis ... ... -2,158 -2,975
 Statistical adjustments ... ... ... ...

 Compensation of employees ... ... ... 153
 Reclassification from
 unaffiliated services ... ... ... 153

Current unilateral transfers ... -1,043 249 -166
 Definitional adjustments ... -1,043 ... ...
 Reclassification from
 unaffiliated services ... ... ... -166
 Adjustment of US transfers
 to a gross basis ... ... 249 ...
 Statistical adjustments ... ... ... ...

 Total adjustments 742 -9,115 -1,909 -3,128

 Statistical Total

 United United
 States Canada States Canada

Goods, balance-of-payments basis -414 -386 -390 -1,657
 Definitional adjustments ... ... -173 -1,271
 Reclassification of equipment
 repairs from unaffiliated
 services ... ... 197 ...
 Statistical adjustments -414 -386 -414 -386

Services 1,193 2,787 809 403

 Travel ... -234 1,119 -234
 Reclassification of
 education from
 unaffiliated services ... ... 818 ...
 Reclassification of
 medical services from
 unaffiliated services ... ... 301 ...
 Statistical adjustments ... -234 ... -234

 Passenger fares -132 ... -132 ...

 Other transportation 369 -214 240 -118
 Definitional adjustments ... ... ... -238
 Reclassification of
 courier services to
 unaffiliated services ... ... -129 ...
 Reclassification of
 transportation services
 from unaffiliated
 services ... ... ... 334
 Statistical adjustments 369 -214 369 -214

 Other services 956 3,235 -418 755

 Affiliated 806 -34 122 -1,196
 Definitional adjustments ... ... ... -1,198
 Reclassification of
 financial services to
 unaffiliated services ... ... -684 ...
 Reclassification of
 selected services
 from unaffiliated
 services ... ... ... 36
 Statistical adjustments 806 -34 806 -34

 Unaffiliated 150 3,177 -353 1,859
 Definitional adjustments ... ... ... -969
 Reclassification of
 transactions to or
 from other accounts ... ... -503 -349
 Statistical adjustments 150 3,177 150 3,177

 U.S. military sales ... 92 -187 92
 Definitional adjustments ... ... -187 ...
 Statistical adjustments ... 92 ... 92

Income 1,712 3,722 656 -3,657

 Direct investment 2,119 3,291 1,992 1,414
 Definitional adjustments ... ... -127 -1,716
 Adjustment of interest
 income to a net basis ... ... ... -161
 Statistical adjustments 2,119 3,291 2,119 3,291

 Other investment -407 430 -1,336 -5,225
 Definitional adjustments ... ... 1,229 -2,680
 Adjustment of interest
 income to a net basis ... ... -2,158 -2,975
 Statistical adjustments -407 430 -407 430

 Compensation of employees ... 1 ... 154
 Reclassification from
 unaffiliated services ... 1 ... 154

Current unilateral transfers 280 -410 529 -1,619
 Definitional adjustments ... ... ... -1,043
 Reclassification from
 unaffiliated services ... ... ... -166
 Adjustment of US transfers
 to a gross basis ... ... 249 ...
 Statistical adjustments 280 -410 280 -410

 Total adjustments 2,771 5,713 1,604 -6,530

Table 2.2. Summary of Reconciliation Adjustments, Southbound, 2006
(Millions of U.S. dollars]

 Definitional Methodological

 United United
 Canada States Canada States

Goods, balance-of-
 payments basis -1,933 11,229 ... 46
 Canadian reexports
 to the United
 States ... 10,546 ... ...
 Other definitional
 adjustments -1,933 683 ... ...
 Reclassification of
 equipment repairs
 from unaffiliated
 services ... ... ... 7
 Reclassification of
 vessel repairs from
 other transportation
 services ... ... ... 39
 Statistical adjustments ... ... ... ...

Services -1,266 -22 -457 -46

 Travel ... ... ... 190
 Reclassification of
 education from
 unaffiliated
 services ... ... ... 112
 Reclassification of
 medical services
 from unaffiliated
 services ... ... ... 78
 Statistical adjustments ... ... ... ...

 Passenger fares ... ... ... ...

Other transportation -91 ... 192 -402
 Definitional adjustments -91 ... ... ...
 Reclassification of
 courier services to
 unaffiliated services ... ... ... -363
 Reclassification of
 transportation services
 to or from other
 accounts ... ... 192 -39
 Statistical adjustments ... ... ... ...

Other services -1,175 -22 -649 166

 Affiliated -329 44 -311
 Definitional
 adjustments X29 ... ... ...
 Reclassification of
 financial services
 to unaffiliated
 services ... ... ... -311
 Reclassification of
 selected services
 to or from
 unaffiliated
 services ... ... 44 ...
 Statistical
 adjustments ... ... ... ...

 Unaffiliated -846 -693 477
 Definitional
 adjustments -846 ... ... ...
 Reclassification of
 transactions to or
 from other accounts ... ... -693 477
 Statistical
 adjustments ... ... ... ...

 U.S. defense expenditures ... -22 ... ...
 Definitional
 adjustments ... -22 ... ...
 Statistical
 adjustments ... ... ... ...

Income -1,284 -96 -2,220 -1,551

 Direct investment -340 -96 -70 ...
 Definitional
 adjustments -340 -96 ... ...
 Adjustment of interest
 income to a net
 basis ... ... -70 ...
 Statistical
 adjustments ... ... ... ...

 Other investment -944 ... -2,523 -1,551
 Definitional
 adjustments -944 ... ... ...
 Adjustment of interest
 income to a
 net basis ... ... -2,523 -1,551
 Statistical
 adjustments ... ... ... ...

 Compensation of employees ... ... 373 ...
 Reclassification from
 unaffiliated
 services ... ... 373 ...
 Statistical
 adjustments ... ... ... ...

Current unilateral transfers -4,057 90 1,645
 Definitional
 adjustments -4,057 ... ... ...
 Reclassification from
 unaffiliated services ... ... 90 ...
 Adjustment of US
 transfers to a
 gross basis ... ... ... 1,645
 Statistical adjustments ... ... ... ...

 Total adjustments -6,540 11,111 -2,587 94

 Statistical Total

 United United
 Canada States Canada States

Goods, balance-of-
 payments basis 663 91 -1,270 11,366
 Canadian reexports
 to the United
 States ... .,......,. ... 10,546
 Other definitional
 adjustments ... ... -1,933 683
 Reclassification of
 equipment repairs
 from unaffiliated
 services ... ... ... 7
 Reclassification of
 vessel repairs from
 other transportation
 services ... ... ... 39
 Statistical adjustments 663 91 663 91

Services -512 4,533 -2,235 4,465

 Travel ... 80 ... 270
 Reclassification of
 education from
 unaffiliated
 services ... ... ... 112
 Reclassification of
 medical services
 from unaffiliated
 services ... ... ... 78
 Statistical adjustments ... 80 ... 80

 Passenger fares ... ... -4 ...

Other transportation 21 108 122 -294
 Definitional adjustments ... ... -91 ...
 Reclassification of
 courier services to
 unaffiliated services ... ... ... -363
 Reclassification of
 transportation services
 to or from other
 accounts ... ... 192 -39
 Statistical adjustments 21 108 21 108

Other services -533 4,349 -2 4,493

 Affiliated -1,329 1,117 -1,614 806
 Definitional
 adjustments ... ... -329 ...
 Reclassification of
 financial services
 to unaffiliated
 services ... ... ... -311
 Reclassification of
 selected services
 to or from
 unaffiliated
 services ... ... 44 ...
 Statistical
 adjustments -1,329 1,117 -1,329 1,117

 Unaffiliated 796 3,232 -743 3,709
 Definitional
 adjustments ... ... -846 ...
 Reclassification of
 transactions to or
 from other accounts ... ... -693 477
 Statistical
 adjustments 796 3,232 796 3,232

 U.S. defense expenditures ... ... ... -22
 Definitional
 adjustments ... ... ... -22
 Statistical
 adjustments ... ... ... ...

Income 6,796 -27 3,292 -1,674

 Direct investment 6,013 567 5,603 471
 Definitional
 adjustments ... ... -340 -96
 Adjustment of interest
 income to a net
 basis ... ... -70 ...
 Statistical
 adjustments 6,013 567 6,013 567

 Other investment 680 -594 -2,787 -2,145
 Definitional
 adjustments ... ... -944 ...
 Adjustment of interest
 income to a
 net basis ... ... -2,523 -1,551
 Statistical
 adjustments 680 -594 680 -594

 Compensation of employees 103 ... 476 ...
 Reclassification from
 unaffiliated
 services ... ... 373 ...
 Statistical
 adjustments 103 ... 103 ...

Current unilateral transfers -167 -174 -4,134 1,471
 Definitional
 adjustments ... ... -4,057 ...
 Reclassification from
 unaffiliated services ... ... 90 ...
 Adjustment of US
 transfers to a
 gross basis ... ... ... 1,645
 Statistical adjustments -167 -174 -167 -174

 Total adjustments 6,780 4,423 -4,347 15,628

Table 2.2. Summary of Reconciliation Adjustments, Southbound, 2007

 Definitional Methodological

 United United
 Canada States Canada States

Goods, balance-of-
 payments basis -103 12,807 ... 17
 Canadian reexports
 to the United
 States ... 11,994 ... ...
 Other definitional
 adjustments -103 823 ... ...
 Reclassification of
 equipment repairs
 from unaffiliated
 services ... ... ... 2
 Reclassification of
 vessel repairs from
 other transportation
 services ... ... ... 15
 Statistical adjustments ... ... ... ...

Services -1,267 -21 -401 -17

 Travel ... ... ... 223
 Reclassification of
 education from
 unaffiliated
 services ... ... ... 133
 Reclassification of
 medical services
 from unaffiliated
 services ... ... ... 90
 Statistical adjustments ... ... ... ...

 Passenger fares ... ... ... ...

Other transportation -102 ... 182 -450
 Definitional adjustments -102 ... ... ...
 Reclassification of
 courier services to
 unaffiliated services ... ... ... -435
 Reclassification of
 transportation services
 to or from other
 accounts ... ... 182 -15
 Statistical adjustments ... ... ... ...

Other services -1,165 -21 -583 210

 Affiliated -345 ... 13 -344
 Definitional
 adjustments -345 ... ... ...
 Reclassification of
 financial services
 to unaffiliated
 services ... ... ... -344
 Reclassification of
 selected services
 to or from
 unaffiliated
 services ... ... 13 ...
 Statistical
 adjustments ... ... ... ...

 Unaffiliated -820 ... -596 554
 Definitional
 adjustments -820 ... ... ...
 Reclassification of
 transactions to or
 from other accounts ... ... -596 554
 Statistical
 adjustments ... ... ... ...

 U.S. defense expenditures ... -21 ... ...
 Definitional
 adjustments ... -21 ... ...
 Statistical
 adjustments ... ... ... ...

Income -1,607 -7 -2,722 -2,158

 Direct investment -231 -7 -161 ...
 Definitional
 adjustments -231 -7 ... ...
 Adjustment of interest
 income to a net
 basis ... ... -161 ...
 Statistical
 adjustments ... ... ... ...

 Other investment -1,376 ... -2,975 -2,158
 Definitional
 adjustments -1,376 ... ... ...
 Adjustment of interest
 income to a
 net basis ... ... -2,975 -2,158
 Statistical
 adjustments ... ... ... ...

 Compensation of employees ... ... 414 ...
 Reclassification from
 unaffiliated
 services ... ... 414 ...
 Statistical
 adjustments ... ... ... ...

Current unilateral transfers -4,049 ... -5 249
 Definitional
 adjustments -4,049 ... ... ...
 Reclassification from
 unaffiliated services ... ... -5 ...
 Adjustment of US
 transfers to a
 gross basis ... ... ... 249
 Statistical adjustments ... ... ... ...

 Total adjustments -7,026 12,779 -3,128 -1,909

 Statistical Total

 United United
 Canada States Canada States

Goods, balance-of-
 payments basis 2,152 214 2,049 13,038
 Canadian reexports
 to the United
 States ... ... ... 11,984
 Other definitional
 adjustments ... ... -103 823
 Reclassification of
 equipment repairs
 from unaffiliated
 services ... ... ... 2
 Reclassification of
 vessel repairs from
 other transportation
 services ... ... ... 15
 Statistical adjustments 2,152 214 2,152 214

Services -235 5,442 -1,903 5,404

 Travel ... 244 ... 467
 Reclassification of
 education from
 unaffiliated
 services ... ... ... 133
 Reclassification of
 medical services
 from unaffiliated
 services ... ... ... 90
 Statistical adjustments ... 244 ... 244

 Passenger fares ... -50 ... -50

Other transportation 164 195 244 -255
 Definitional adjustments ... ... -102 ...
 Reclassification of
 courier services to
 unaffiliated services ... ... ... -435
 Reclassification of
 transportation services
 to or from other
 accounts ... ... 182 -15
 Statistical adjustments 164 195 164 195

Other services -399 5,054 -2,147 5,243

 Affiliated -1,442 1,231 -1,774 887
 Definitional
 adjustments ... ... -345 ...
 Reclassification of
 financial services
 to unaffiliated
 services ... ... ... -344
 Reclassification of
 selected services
 to or from
 unaffiliated
 services ... ... 13 ...
 Statistical
 adjustments -1,442 1,231 -1,442 1,231

 Unaffiliated 1,033 3,823 -383 4,377
 Definitional
 adjustments ... ... -820 ...
 Reclassification of
 transactions to or
 from other accounts ... ... -596 554
 Statistical
 adjustments 1,033 3,823 1,033 3,823

 U.S. defense expenditures 10 ... 10 -21
 Definitional
 adjustments ... ... ... -21
 Statistical
 adjustments 10 ... 10 ...

Income 5,428 -141 1,099 -2,306

 Direct investment 4,460 733 4,068 726
 Definitional
 adjustments ... ... -231 -7
 Adjustment of interest
 income to a net
 basis ... ... -161 ...
 Statistical
 adjustments 4,460 733 4,460 733

 Other investment 851 -874 -3,500 -3,032
 Definitional
 adjustments ... ... -1,376 ...
 Adjustment of interest
 income to a
 net basis ... ... -2,975 -2,158
 Statistical
 adjustments 851 -874 851 -874

 Compensation of employees 117 ... 531 ...
 Reclassification from
 unaffiliated
 services ... ... 414 ...
 Statistical
 adjustments 117 ... 117 ...

Current unilateral transfers 382 -256 -3,672 -7
 Definitional
 adjustments ... ... -4,049 ...
 Reclassification from
 unaffiliated services ... ... -5 ...
 Adjustment of US
 transfers to a
 gross basis ... ... ... 249
 Statistical adjustments 382 -256 382 -256

 Total adjustments 7,727 5,259 -2,427 16,129

Table 3.1. U.S. Canadian Current-Account Reconciliation, Northbound
[Millions of U.S. dollars]

 Published estimates

 U.S. Canadian
 receipts payments Difference

 2006

Goods and services 268,546 273,924 -5,378
 Goods, balance-of-payments
 basis 230,983 233,687 -2,704

 Services 37,563 40,237 -2,674
 Travel 10,360 11,470 -1,110
 Passenger fares 2,979 2,826 153
 Other transportation 3,140 3,141 -1
 Other services 21,084 22,800 -1,716

Income 43,111 43,037 74
 Investment income 42,973 43,037 -64
 Direct investment 23,226 18,093 5,133
 Other investment 19,747 24,944 -5,197
 Compensation of employees 138 (1) 138

Current unilateral transfers (2) 2,688 -2,688

 Current account, northbound 311,657 319,649 -7,992

 2007

Goods and services 292,984 294,657 -1,673

 Goods, balance-of-payments
 basis 249,712 250,979 -1,267

 Services 43,272 43,678 -406
 Travel 12,852 14,205 -1,353
 Passenger fares 3,318 3,186 132
 Other transportation 3,423 3,781 -358
 Other services 23,679 22,506 1,173

Income 45,461 49,774 -4,313
 Investment income 45,307 49,774 -4,467
 Direct investment 21,685 22,263 -578
 Other investment 23,622 27,511 -3,889
 Compensation of employees 154 (1) 154

Current unilateral transfers (2) 2,148 -2,148

 Current account, northbound 338,445 346,579 -5,134

 Common-basis estimates after
 definitional and methodological
 adjustments

 U.S. Canadian
 receipts payments Difference

 2006

Goods and services 268,464 269,975 -1,511
 Goods, balance-of-payments
 basis 231,278 232,454 -1,176

 Services 37,186 37,521 -335
 Travel 11,420 11,470 -50
 Passenger fares 2,979 2,826 153
 Other transportation 3,022 3,268 -246
 Other services 19,765 19,957 -192

Income 42,583 36,122 6,461
 Investment income 42,445 35,983 6,462
 Direct investment 23,071 16,411 6,660
 Other investment 19,374 19,572 -198
 Compensation of employees 138 139 -1

Current unilateral transfers 1,645 1,829 -184

 Current account, northbound 312,692 307,926 4,766

 2007

Goods and services 292,624 291,002 1,622

 Goods, balance-of-payments
 basis 249,736 249,708 28

 Services 42,888 41,294 1,594
 Travel 13,971 14,205 -234
 Passenger fares 3,318 3,186 132
 Other transportation 3,294 3,877 -583
 Other services 22,305 20,026 2,279

Income 44,405 42,395 2,010
 Investment income 44,251 42,242 2,009
 Direct investment 21,558 20,386 1,172
 Other investment 22,693 21,856 837
 Compensation of employees 154 153 1

Current unilateral transfers 249 939 -690

 Current account, northbound 337,278 334,336 2,942

 Reconciled estimates,
 including statistical
 adjustments

 U.S. Canadian
 receipts payments

 2006

Goods and services 270,686 270,686
 Goods, balance-of-payments
 basis 231,790 231,790

 Services 38,896 38,896
 Travel 11,420 11,420
 Passenger fares 2,826 2,826
 Other transportation 3,176 3,176
 Other services 21,474 21,474

Income 40,905 40,905
 Investment income 40,767 40,767
 Direct investment 21,293 21,293
 Other investment 19,474 19,474
 Compensation of employees 138 138

Current unilateral transfers 1,925 1,925

 Current account, northbound 313,516 313,516

 2007

Goods and services 293,403 293,403

 Goods, balance-of-payments
 basis 249,322 249,322

 Services 44,081 44,081
 Travel 13,971 13,971
 Passenger fares 3,186 3,186
 Other transportation 3,663 3,663
 Other services 23,261 23,261

Income 46,117 46,117
 Investment income 45,963 45,963
 Direct investment 23,677 23,677
 Other investment 22,286 22,286
 Compensation of employees 154 154

Current unilateral transfers 529 529

 Current account, northbound 340,049 340,049

 Total adjustments to
 published estimates

 United
 States Canada

 2006

Goods and services 2,140 -3,238
 Goods, balance-of-payments
 basis 807 -1,897

 Services 1,333 -1,341
 Travel 1,060 -50
 Passenger fares -153 ...
 Other transportation 36 35
 Other services 390 -1,326

Income -2,206 -2,132
 Investment income -2,206 -2,270
 Direct investment -1,933 3,200
 Other investment -273 -5,470
 Compensation of employees ... 138

Current unilateral transfers 1,925 -763

 Current account, northbound 1,859 -6,133

 2007

Goods and services 419 -1,254

 Goods, balance-of-payments
 basis -390 -1,657

 Services 809 403
 Travel 1,119 -234
 Passenger fares -132 ...
 Other transportation 240 -118
 Other services -418 755

Income 656 -3,657
 Investment income 656 -3,811
 Direct investment 1,992 1,414
 Other investment -1,336 -5,225
 Compensation of employees ... 154

Current unilateral transfers 529 -1,619

 Current account, northbound 1,604 -65,301

(1) In the Canadian published accounts, compensation of employees
is included in "other services.

(2) Current unilateral transfers are published on a net basis in
the U.S. accounts and appear as net payments in table 3.2.

Table 3.2. U.S. Canadian Current-Account Reconciliation, Southbound
[Millions of U.S. dollars]

 Published estimates

 Canadian U.S.
 receipts payments Difference

 2006

Goods and services 349,628 330,292 19,336

 Goods, balance-of-payments basis 318,702 306,066 12,636

 Services 30,926 24,226 6,700
 Travel 7,664 7,394 270
 Passenger fares 367 371 -4
 Other transportation 4,309 4,725 -416
 Other services 18,586 11,736 6,850

Income 22,677 27,643 -4,966
 Investment income 22,677 27,167 -4,490
 Direct investment 10,079 15,211 -5,132
 Other investment 12,598 11,956 642
 Other private investment 11,088 10,674 414
 U.S. Government liabilities 1,510 1,282 228
 Compensation of employees (1) 476 -476

Current unilateral transfers 5,294 -311 5,605

 Current account, southbound 377,599 357,624 19,975

 2007
Goods and services 363,772 345,476 18,296

 Goods, balance-of-payments basis 331,312 320,323 10,989

 Services 32,460 25,153 7,307
 Travel 7,715 7,248 467
 Passenger fares 349 399 -50
 Other transportation 4,417 4,916 -499
 Other services 19,979 12,589 7,390

Income 25,136 28,541 -3,405
 Investment income 25,136 28,010 -2,874
 Direct investment 10,164 13,506 -3,342
 Other investment 14,972 14,504 468
 Other private investment 13,089 13,216 -127
 U.S. Government liabilities 1,883 1,288 595
 Compensation of employees (1) 531 -531

Current unilateral transfers 5,398 1,733 3,665

 Current account, southbound 394,306 375,750 18,556

 Common-basis estimates after
 definitional and methodological
 adjustments

 Canadian U.S.
 receipts payments Difference

 2006

Goods and services 345,972 341,499 4,473

 Goods, balance-of-payments basis 316,769 317,341 -572

 Services 29,203 24,158 5,045
 Travel 7,664 7,584 80
 Passenger fares 367 371 -4
 Other transportation 4,410 4,323 87
 Other services 16,762 11,880 4,882

Income 19,173 25,996 -6,823
 Investment income 18,800 25,520 -6,720
 Direct investment 9,669 15,115 -5,446
 Other investment 9,131 10,405 -1,274
 Other private investment 7,577 9,123 -1,546
 U.S. Government liabilities 1,554 1,282 272
 Compensation of employees 373 476 -103

Current unilateral transfers 1,327 1,334 -7

 Current account, southbound 366,472 368,829 -2,357

 2007
Goods and services 362,001 358,262 3,739

 Goods, balance-of-payments basis 331,209 333,147 -1,938

 Services 30,792 25,115 5,677
 Travel 7,715 7,471 244
 Passenger fares 349 399 -50
 Other transportation 4,497 4,466 31
 Other services 18,231 12,778 5,453

Income 20,807 26,376 -5,569
 Investment income 20,393 25,845 -5,452
 Direct investment 9,772 13,499 -3,727
 Other investment 10,621 12,346 -1,725
 Other private investment 8,749 11,058 -2,309
 U.S. Government liabilities 1,872 1,288 584
 Compensation of employees 414 531 -117

Current unilateral transfers 1,344 1,982 -638

 Current account, southbound 384,152 386,620 -2,468

 Reconciled estimates,
 including statistical
 adjustments

 Canadian U.S.
 receipts payments

 2006

Goods and services 346,123 346,123

 Goods, balance-of-payments basis 317,432 317,432

 Services 28,691 28,691
 Travel 7,664 7,664
 Passenger fares 367 367
 Other transportation 4,431 4,431
 Other services 16,229 16,229

Income 25,969 25,969
 Investment income 25,493 25,493
 Direct investment 15,682 15,682
 Other investment 9,811 9,811
 Other private investment 8,409 8,409
 U.S. Government liabilities 1,402 1,402
 Compensation of employees 476 476

Current unilateral transfers 1,160 1,160

 Current account, southbound 373,252 373,252

 2007
Goods and services 363,918 363,918

 Goods, balance-of-payments basis 333,361 333,361

 Services 30,557 30,557
 Travel 7,715 7,715
 Passenger fares 349 349
 Other transportation 4,661 4,661
 Other services 17,832 17,832

Income 26,235 26,235
 Investment income 25,704 25,704
 Direct investment 14,232 14,232
 Other investment 11,472 11,472
 Other private investment 9,909 9,909
 U.S. Government liabilities 1,563 1,563
 Compensation of employees 531 531

Current unilateral transfers 1,726 1,726

 Current account, southbound 391,879 391,879

 Total adjustments to
 published estimates

 United
 Canada States

 2006

Goods and services -3,505 15,831

 Goods, balance-of-payments basis -1,270 11,366

 Services -2,235 4,465
 Travel ... 270
 Passenger fares ... -4
 Other transportation 122 -294
 Other services -2,357 4,493

Income 3,292 -1,674
 Investment income 2,816 -1,674
 Direct investment 5,603 471
 Other investment -2,787 -2,145
 Other private investment -2,679 -2,265
 U.S. Government liabilities -108 120
 Compensation of employees 476 ...

Current unilateral transfers -4,134 1,471

 Current account, southbound -4,347 15,628

 2007
Goods and services 146 18,442

 Goods, balance-of-payments basis 2,049 13,038

 Services -1,903 5,404
 Travel ... 467
 Passenger fares ... -50
 Other transportation 244 -255
 Other services -2,147 5,243

Income 1,099 -2,306
 Investment income 568 -2,306
 Direct investment 4,068 726
 Other investment -3,500 -3,032
 Other private investment -3,180 -3,307
 U.S. Government liabilities -320 275
 Compensation of employees 531 ...

Current unilateral transfers -3,672 -7

 Current account, southbound -2,427 16,129

(1.) In the Canadian published accounts, compensation of employees
is included in "other" services.

Table 4.1. Trade in Goods, Northbound
[Millions of U.S. dollars]

 U.S. Canadian
 receipts payments

 2006

Balance-of-payments basis, published 230,983 233,687

 Definitional and methodological adjustments:
 Definitional adjustments 70 -1,233
 Reclassification of equipment repairs from
 unaffiliated services 225 ...

 Common basis after definitional and
 methodological adjustments 231,278 232,454

 Statistical adjustments 512 -664

Reconciled, including statistical adjustments 231,790 231,790

 2007

Balance-of-payments basis, published 249,712 250,979
 Definitional and methodological adjustments:
 Definitional adjustments -173 -1,271
 Reclassification of equipment repairs from
 unaffiliated services 197 ...

 Common basis after definitional and
 methodological adjustments 249,736 249,708

 Statistical adjustments -414 -386

Reconciled, including statistical adjustments 249,322 249,322

Table 4.2. Trade in Goods, Southbound
[Millions of U.S. dollars]

 Canadian U.S.
 receipts payments

 2006

Balance-of-payments basis, published 318,702 306,066

 Definitional and methodological adjustments:
 Canadian reexports to the United States ... 10,546
 Other definitional adjustments -1,933 683
 Reclassification of equipment repairs from
 unaffiliated services ... 7
 Reclassification of vessel repairs from
 other transportation services ... 39

 Common basis after definitional and
 methodological adjustments 316,769 317,341

 Statistical adjustments 663 91

Reconciled, including statistical adjustments 317,432 317,432

 2007

Balance-of-payments basis, published 331,312 320,323

 Definitional and methodological adjustments:
 Canadian reexports to the United States ... 11,964
 Other definitional adjustments -103 823
 Reclassification of equipment repairs from
 unaffiliated services ... 2
 Reclassification of vessel repairs from
 other transportation services ... 15

 Common basis after definitional and
 methodological adjustments 331,209 333,147

 Statistical adjustments 2,152 214

Reconciled, including statistical adjustments 333,361 333,361

Table 5.1. Travel, Passenger Fares, and Other Transportation, Northbound
[Millions of U.S. dollars]

 Published estimates

 U.S. Canadian
 receipts payments Difference

 2006

Travel 10,360 11,470 -1,110
 Business and personal 10,360 10,429 -69
 Education ... 758 -758
 Medical ... 283 -283

Passenger fares 2,979 2,826 153

Other transportation 3,140 3,141 -1

 Freight 2,264 2,533 -269
 Ocean 97 477 -380
 Air 151 33 118
 Truck 1,619 1,619 ...
 Other 397 404 -7

 Port services 876 558 318
 Vessel operators 125 74 51
 Airline operators 462 ... 462
 Other 289 22 267

 Other ... 50 -50

 2007

Travel 12,852 14,205 -1,353
 Business and personal 12,852 13,109 -257
 Education ... 795 -795
 Medical ... 301 -301

Passenger fares 3,318 3,186 132

Other transportation 3,423 3,781 -358

 Freight 2,432 2,969 -537
 Ocean 182 850 -668
 Air 165 36 129
 Truck 1,642 1,639 3
 Other 443 444 -1

 Port services 991 711 280
 Vessel operators 139 148 -9
 Airline operators 491 495 -4
 Other 361 68 293

 Other ... 101 -101

 Common-basis estimates after
 definitional and methodological
 adjustments

 U.S. Canadian
 receipts payments Difference

 2006

Travel 11,420 11,470 -50
 Business and personal 10,360 10,429 -69
 Education 777 758 19
 Medical 283 283 ...

Passenger fares 2,979 2,826 153

Other transportation 3,022 3,268 -246

 Freight 2,142 2,398 -256
 Ocean 93 342 -249
 Air 33 33 ...
 Truck 1,619 1,619 ...
 Other 397 404 -7

 Port services 876 820 56
 Vessel operators 125 74 51
 Airline operators 462 462 ...
 Other 289 284 5

 Other 4 50 -46

 2007

Travel 13,971 14,205 -234
 Business and personal 12,852 13,109 -257
 Education 818 795 23
 Medical 301 301 ...

Passenger fares 3,318 3,166 132

Other transportation 3,294 3,877 -583

 Freight 2,287 2,731 -444
 Ocean 166 612 -446
 Air 36 36 ...
 Truck 1,642 1,639 3
 Other 443 444 -1

 Port services 991 1,045 -54
 Vessel operators 139 148 -9
 Airline operators 491 495 -4
 Other 361 402 -41

 Other 16 101 -85

 Reconciled estimates,
 including statistical
 adjustments

 U.S. Canadian
 receipts payments

 2006

Travel 11,420 11,420
 Business and personal 10,360 10,360
 Education 777 777
 Medical 283 283

Passenger fares 2,826 2,826

Other transportation 3,176 3,176

 Freight 2,299 2,299
 Ocean 238 238
 Air 33 33
 Truck 1,619 1,619
 Other 409 409

 Port services 827 827
 Vessel operators 74 74
 Airline operators 462 462
 Other 291 291

 Other 50 50

 2007

Travel 13,971 13,971
 Business and personal 12,852 12,852
 Education 818 818
 Medical 301 301

Passenger fares 3,186 3,186

Other transportation 3,663 3,663

 Freight 2,656 2,656
 Ocean 529 529
 Air 35 35
 Truck 1,642 1,642
 Other 450 450

 Port services 943 943
 Vessel operators 89 89
 Airline operators 491 491
 Other 363 363

 Other 64 64

 Total adjustments to published estimates

 United
 States Canada Type of adjustment

 2006

Travel 1,060 -50
 Business and personal -69 Statistical
 Education 777 19 Methodological and
 statistical
 Medical 283 Methodological

Passenger fares -153 ... Statistical

Other transportation 36 35

 Freight 35 -234
 Ocean 141 -239 Definitional,
 methodological, and
 statistical
 Air -118 ... Methodological
 Truck ... ...
 Other 12 5 Statistical

 Port services -49 269
 Vessel operators -51 ... Statistical
 Airline operators ... ...
 Other 2 269 Methodological and
 statistical

 Other 50 ... Methodological and
 statistical

 2007

Travel 1,119 -234
 Business and personal ... -257 Statistical
 Education 818 23 Methodological and
 statistical
 Medical 301 ... Methodological

Passenger fares -132 ... Statistical

Other transportation 240 -118

 Freight 224 -313
 Ocean 347 -321 Definitional,
 methodological,
 and statistical
 Air -130 -1 Methodological
 Truck ... 3 Statistical
 Other 7 6 Statistical

 Port services -48 232
 Vessel operators -50 -59 Statistical
 Airline operators ... -4 Statistical
 Other 2 295 Methodological and
 statistical

 Other 64 -37 Methodological and
 statistical

Table 5.2. Travel, Passenger Fares, and Other Transportation,
Southbound
[Millions of U.S. dollars]

 Published estimates

 Canadian U.S.
 receipts payments Difference

 2006

Travel 7,664 7,394 270
 Business and personal 7,368 7,394 -26
 Education 220 ... 220
 Medical 76 ... 76

Passenger fares 367 371 -4

Other transportation 4,309 4,725 -416

 Freight 3,451 3,627 -176
 Ocean 346 499 -153
 Air 23 23 ...
 Truck 2,832 2,833 -1
 Other 250 272 -22

 Port services 712 1,098 -386
 Vessel operators 80 102 -22
 Airline operators 547 910 -363
 Other 85 86 -1

 Other 146 ... 146

 2007

Travel 7,715 7,248 467
 Business and personal 7,378 7,248 130
 Education 256 ... 256
 Medical 81 ... 81

Passenger fares 349 399 -50

Other transportation 4,417 4,916 -499

 Freight 3,555 3,765 -210
 Ocean 403 534 -131
 Air 5 5 ...
 Truck 2,918 2,924 -6
 Other 229 302 -73

 Port services 697 1,150 -453
 Vessel operators 92 108 -16
 Airline operators 517 952 -435
 Other 88 90 -2

 Other 165 ... 165

 Common-basis estimates after
 definitional and methodological
 adjustments

 Canadian U.S.
 receipts payments Difference

 2006

Travel 7,664 7,584 80
 Business and personal 7,368 7,394 -26
 Education 220 112 108
 Medical 76 78 -2

Passenger fares 367 371 -4

Other transportation 4,410 4,323 87

 Freight 3,451 3,429 22
 Ocean 346 460 -114
 Air 23 23 ...
 Truck 2,832 2,833 -1
 Other 250 113 137

 Port services 909 855 54
 Vessel operators 85 63 22
 Airline operators 547 547 ...
 Other 277 245 32

 Other 50 39 11

 2007

Travel 7,715 7,471 244
 Business and personal 7,378 7,248 130
 Education 256 133 123
 Medical 81 90 -9

Passenger fares 349 399 -50

Other transportation 4,497 4,466 31

 Freight 3,555 3,510 45
 Ocean 403 457 -54
 Air 5 5 ...
 Truck 2,918 2,924 -6
 Other 229 124 105

 Port services 884 878 6
 Vessel operators 97 93 4
 Airline operators 517 517 ...
 Other 270 268 2

 Other 58 77 -19

 Reconciled estimates,
 including statistical
 adjustments

 Canadian U.S.
 receipts payments

 2006

Travel 7,664 7,664
 Business and personal 7,368 7,368
 Education 220 220
 Medical 76 76

Passenger fares 367 367

Other transportation 4,431 4,431

 Freight 3,510 3,510
 Ocean 401 401
 Air 23 23
 Truck 2,833 2,833
 Other 253 253

 Port services 882 882
 Vessel operators 74 74
 Airline operators 547 547
 Other 261 261

 Other 39 39

 2007

Travel 7,715 7,715
 Business and personal 7,378 7,378
 Education 256 256
 Medical 81 81

Passenger fares 349 349

Other transportation 4,661 4,661

 Freight 3,578 3,578
 Ocean 416 416
 Air 5 5
 Truck 2,924 2,924
 Other 233 233

 Port services 1,006 1,006
 Vessel operators 85 85
 Airline operators 652 652
 Other 269 269

 Other 77 77

 Total adjustments to published estimates

 United
 Canada States Type of adjustment

 2006

Travel ... 270
 Business and personal ... -26 Statistical
 Education ... 220 Methodological and
 statistical
 Medical ... 76 Methodological and
 statistical

Passenger fares ... -4 Statistical

Other transportation 122 -294

 Freight 59 -117
 Ocean 55 -98 Methodological and
 statistical
 Air ... ...
 Truck 1 ... Statistical
 Other 3 -19 Methodological and
 statistical

 Port services 170 -216
 Vessel operators -6 -28 Definitional,
 methodological,
 and statistical
 Airline operators ... -363 Methodological
 Other 176 175 Methodological and
 statistical

 Other -107 39 Definitional,
 methodological,
 and statistical

 2007

Travel ... 467
 Business and personal ... 130 Statistical
 Education ... 256 Methodological and
 statistical
 Medical ... 81 Methodological and
 statistical

Passenger fares ... -50 Statistical

Other transportation 244 -255

 Freight 23 -187
 Ocean 13 -118 Methodological and
 statistical
 Air ... ...
 Truck 6 ... Statistical
 Other 4 -69 Methodological and
 statistical

 Port services 309 -144
 Vessel operators -7 -23 Definitional,
 methodological, and
 statistical
 Airline operators 135 -300 Methodological and
 statistical
 Other 181 179 Methodological and
 statistical

 Other -88 77 Definitional,
 methodological, and
 statistical

Table 6.1. Other Services, Northbound
[Millions of U.S. dollars]

 Published estimates

 U.S. Canadian
 receipts payments Difference

 2006

 Total 21,084 22,800 -1,716

Affiliated 8,732 11,435 -2,703

 Royalties and license fees 4,536 4,279 257
 Other services 4,196 7,156 -2,960

Unaffiliated 12,140 11,365 775

 Royalties, license fees,
 and selected services 2,441 2,608 -167
 Insurance 2,008 999 1,009
 Financial services 2,222 2,071 151
 Education and training 830 75 755
 Communications 639 652 -13
 Computer services 977 862 115
 Business services 1,929 2,084 -155
 Sports and entertainment 807 1,330 -523
 Other private ... 310 -310
 Government:
 United States (nonmilitary) 123 103 20
 Canada 164 271 -107

U.S. military sales 212 ... 212

 2007

 Total 23,679 22,506 1,173

Affiliated 9,346 10,664 -1,318

 Royalties and license fees 4,618 4,082 536
 Other services 4,728 6,582 -1,854

Unaffiliated 14,054 11,842 2,212

 Royalties, license fees,
 and selected services 3,303 3,216 87
 Insurance 1,956 794 1,162
 Financial services 3,089 2,274 815
 Education and training 862 56 806
 Communications 613 524 89
 Computer services 966 996 -30
 Business services 2,057 1,823 234
 Sports and entertainment 941 1,380 -439
 Other private ... 395 -395
 Government:
 United States (nonmilitary) 104 78 26
 Canada 163 306 -143

U.S. military sales 279 ... 279

 Common-basis estimates after
 definitional and methodological
 adjustments

 U.S. Canadian
 receipts payments Difference

 2006

 Total 19,765 19,957 -192

Affiliated 8,078 10,156 -2,078

 Royalties and license fees 4,536 3,958 578
 Other services 3,542 6,198 -2,656

Unaffiliated 11,627 9,801 1,826

 Royalties, license fees,
 and selected services 2,411 2,487 -76
 Insurance 2,008 890 1,118
 Financial services 2,876 1,905 971
 Education and training 53 81 -28
 Communications 639 594 45
 Computer services 977 868 109
 Business services 1,539 1,738 -199
 Sports and entertainment 837 958 -121
 Other private ... ... ...
 Government:
 United States (nonmilitary) 123 103 20
 Canada 164 177 -13

U.S. military sales 60 ... 60

 2007

 Total 22,305 20,026 2,279

Affiliated 8,662 9,502 -840

 Royalties and license fees 4,618 3,932 686
 Other services 4,044 6 -1,526

Unaffiliated 13,551 10,524 3,027

 Royalties, license fees,
 and selected services 3,279 3,122 157
 Insurance 1,956 924 1,032
 Financial services 3,773 2,175 1,598
 Education and training 44 61 -17
 Communications 613 463 150
 Computer services 966 1,003 -37
 Business services 1,688 1,472 216
 Sports and entertainment 965 1,019 -54
 Other private ... ... ...
 Government:
 United States (nonmilitary) 104 78 26
 Canada 163 207 -44

U.S. military sales 92 ... 92

 Reconciled estimates,
 including statistical
 adjustments

 U.S. Canadian
 receipts payments

 2006

 Total 21,474 21,474

Affiliated 9,484 9,484

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated 11,930 11,930

 Royalties, license fees,
 and selected services 2,411 2,411
 Insurance 2,008 2,008
 Financial services 2,879 2,879
 Education and training 53 53
 Communications 639 639
 Computer services 977 977
 Business services 1,765 1,765
 Sports and entertainment 898 898
 Other private ... ...
 Government:
 United States (nonmilitary) 123 123
 Canada 177 177

U.S. military sales 60 60

 2007

 Total 23,261 23,261

Affiliated 9,468 9,468

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated 13,701 13,701

 Royalties, license fees,
 and selected services 3,279 3,279
 Insurance 1,956 1,956
 Financial services 3,806 3,806
 Education and training 44 44
 Communications 613 613
 Computer services 966 966
 Business services 1,733 1,733
 Sports and entertainment 993 993
 Other private ... ...
 Government:
 United States (nonmilitary) 104 104
 Canada 207 207

U.S. military sales 92 92

 Total adjustments to
 published estimates

 United
 States Canada

 2006

 Total 390 -1,326

Affiliated 752 -1,951

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated -210 565

 Royalties, license fees,
 and selected services -30 -197
 Insurance ... 1,009
 Financial services 657 808
 Education and training -777 -22
 Communications ... -13
 Computer services ... 115
 Business services -164 -319
 Sports and entertainment 91 -432
 Other private ... -310
 Government:
 United States (nonmilitary) ... 20
 Canada 13 -94

U.S. military sales -152 60

 2007

 Total -418 755

Affiliated 122 -1,196

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated -353 1,859

 Royalties, license fees,
 and selected services -24 63
 Insurance ... 1,162
 Financial services 717 1,532
 Education and training -818 -12
 Communications ... 89
 Computer services ... -30
 Business services -324 -90
 Sports and entertainment 52 -387
 Other private ... -395
 Government:
 United States (nonmilitary) ... 26
 Canada 44 -99

U.S. military sales -187 92

 Total adjustments to published
 estimates

 Type of adjustment

 2006

 Total

Affiliated Definitional, methodological,
 and statistical

 Royalties and license fees
 Other services

Unaffiliated

 Royalties, license fees,
 and selected services Definitional, methodological,
 and statistical
 Insurance Definitional, methodological,
 and statistical
 Financial services Definitional, methodological,
 and statistical
 Education and training Methodological and statistical
 Communications Methodological and statistical
 Computer services Methodological and statistical
 Business services Methodological and statistical
 Sports and entertainment Definitional, methodological,
 and statistical
 Other private Definitional and methodological
 Government:
 United States (nonmilitary) Statistical
 Canada Definitional, methodological,
 and statistical

U.S. military sales Definitional and statistical

 2007

 Total

Affiliated Definitional, methodological,
 and statistical

 Royalties and license fees
 Other services

Unaffiliated

 Royalties, license fees,
 and selected services Definitional, methodological,
 and statistical
 Insurance Definitional, methodological,
 and statistical
 Financial services Definitional, methodological,
 and statistical
 Education and training Methodological and statistical
 Communications Methodological and statistical
 Computer services Methodological and statistical
 Business services Methodological and statistical
 Sports and entertainment Definitional, methodological,
 and statistical
 Other private Definitional and methodological
 Government:
 United States (nonmilitary) Statistical
 Canada Definitional, methodological,
 and statistical

U.S. military sales Definitional and statistical

(1.) Royalties and license fees are combined with "other" services
for reconciliation.

Table 6.2. Other Services, Southbound
[Millions of U.S. dollars]

 Published estimates

 Canadian U.S. Difference
 receipts payments

 2006

Total 18,586 11,736 6,850

Affiliated 7,483 5,063 2,420

 Royalties and license fees 610 542 68
 Other services 6,873 4,521 2,352

Unaffiliated 10,885 6,433 4,452

 Royalties, license fees
 and selected services 3,553 898 2,655
 Insurance 238 865 -627
 Financial services 931 407 524
 Education and training 68 150 -82
 Communications 802 399 403
 Computer services 2,074 1,672 402
 Business services 1,561 1,553 8
 Sports and entertainment 1,010 151 859
 Other private 272 ... 272
 Government:
 Canada 38 ... 38
 United States (nondefense) 338 338 ...

U.S. defense expenditures 218 240 -22

 2007

Total 19,979 12,589 7,390

Affiliated 7,947 5,286 2,661

 Royalties and license fees 747 575 172
 Other services 7,200 4,711 2,489

Unaffiliated 11,841 7,081 4,760
 Royalties, license fees
 and selected services 4,047 1,044 3,003
 Insurance 99 1,000 -901
 Financial services 1,082 523 559
 Education and training 74 166 -92
 Communications 814 465 349
 Computer services 2,545 1,822 723
 Business services 1,502 1,602 -100
 Sports and entertainment 1,017 107 910
 Other private 266 ... 266
 Government:
 Canada 43 ... 43
 United States (nondefense) 352 352 ...

U.S. defense expenditures 191 222 -31

 Common-basis estimates after
 definitional and methodological
 adjustments

 Canadian U.S. Difference
 receipts payments

 2006

Total 16,762 11,880 4,882

Affiliated 7,198 4,752 2,446

 Royalties and license fees 610 542 68
 Other services 6,588 4,210 2,378

Unaffiliated 9,346 6,910 2,436

 Royalties, license fees
 and selected services 3,123 894 2,229
 Insurance 137 865 -728
 Financial services 931 718 213
 Education and training 9 38 -29
 Communications 565 399 166
 Computer services 2,074 1,672 402
 Business services 1,428 1,831 -403
 Sports and entertainment 703 155 548
 Other private ... ... ...
 Government:
 Canada 38 ... 38
 United States (nondefense) 338 338 ...

U.S. defense expenditures 218 218 ...

 2007

Total 18,231 12,778 5,453

Affiliated 7,615 4,942 2,673

 Royalties and license fees 747 575 172
 Other services 6,868 4,367 2,501

Unaffiliated 10,425 7,635 2,790
 Royalties, license fees
 and selected services 3,641 1,040 2,601
 Insurance 121 1,000 -879
 Financial services 1,082 867 215
 Education and training 9 33 -24
 Communications 564 465 99
 Computer services 2,545 1,822 723
 Business services 1,341 1,945 -604
 Sports and entertainment 727 111 616
 Other private ... ... ...
 Government:
 Canada 43 ... 43
 United States (nondefense) 352 352 ...

U.S. defense expenditures 191 201 -10

 Reconciled estimates,
 including statistical
 adjustments

 Canadian U.S.
 receipts payments

 2006

Total 16,229 16,229

Affiliated 5,869 5,869

 Royalties and license fees
 Other services

Unaffiliated 10,142 10,142

 Royalties, license fees
 and selected services 3,245 3,245
 Insurance 865 865
 Financial services 950 950
 Education and training 38 38
 Communications 482 482
 Computer services 1,872 1,872
 Business services 1,885 1,885
 Sports and entertainment 429 429
 Other private ... ...
 Government:
 Canada 38 38
 United States (nondefense) 338 338

U.S. defense expenditures 218 218

 2007

Total 17,832 17,832

Affiliated 6,173 6,173

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated 11,458 11,458
 Royalties, license fees
 and selected services 3,797 3,797
 Insurance 1,000 1,000
 Financial services 1,207 1,207
 Education and training 33 33
 Communications 515 515
 Computer services 2,327 2,327
 Business services 1,765 1,765
 Sports and entertainment 419 419
 Other private ... ...
 Government:
 Canada 43 43
 United States (nondefense) 352 352

U.S. defense expenditures 201 201

 Total adjustments to
 published estimates

 Canada United
 States

 2006

Total -2,357 4,493

Affiliated -1,614 806

 Royalties and license fees
 Other services

Unaffiliated -743 3,709

 Royalties, license fees
 and selected services -308 2,347
 Insurance 627 ...
 Financial services 19 543
 Education and training -30 -112
 Communications -320 83
 Computer services -202 200
 Business services 324 332
 Sports and entertainment -581 278
 Other private -272 ...
 Government:
 Canada ... 38
 United States (nondefense) ... ...

U.S. defense expenditures ... -22

 2007

Total -2,147 5,243

Affiliated -1,774 887

 Royalties and license fees (1) (1)
 Other services (1) (1)

Unaffiliated -383 4,377
 Royalties, license fees
 and selected services -250 2,753
 Insurance 901 ...
 Financial services 125 684
 Education and training -41 -133
 Communications -299 50
 Computer services -218 505
 Business services 263 163
 Sports and entertainment -598 312
 Other private -266 ...
 Government:
 Canada ... 43
 United States (nondefense) ... ...

U.S. defense expenditures 10 -21

 Total adjustments to
 published estimates

 Type of adjustment

 2006

Total

Affiliated Definitional, methodological,
 and statistical

 Royalties and license fees
 Other services

Unaffiliated

 Royalties, license fees
 and selected services Definitional, methodological,
 and statistical
 Insurance Definitional, methodological,
 and statistical
 Financial services Methodological and statistical
 Education and training Methodological and statistical
 Communications Methodological and statistical
 Computer services Statistical
 Business services Definitional, methodological,
 and statistical
 Sports and entertainment Definitional, methodological,
 and statistical
 Other private Definitional and methodological
 Government:
 Canada Statistical
 United States (nondefense)

U.S. defense expenditures Definitional

 2007

Total

Affiliated Definitional, methodological,
 and statistical

 Royalties and license fees
 Other services

Unaffiliated
 Royalties, license fees
 and selected services Definitional, methodological,
 and statistical
 Insurance Definitional, methodological,
 and statistical
 Financial services Methodological and statistical
 Education and training Methodological and statistical
 Communications Methodological and statistical
 Computer services Statistical
 Business services Definitional, methodological,
 and statistical
 Sports and entertainment Definitional, methodological,
 and statistical
 Other private Definitional and methodological
 Government:
 Canada Statistical
 United States (nondefense)

U.S. defense expenditures Definitional and statistical

(1.) Royalties and license fees are combined with "other" services
for reconciliation.

Table 7.1. Investment Income, Northbound
[Millions of U.S. dollars]

 Published estimates

 U.S. Canadian Difference
 receipts payments

 2006

Investment Income 42,973 43,037 -64

 Direct investment income 23,226 18,093 5,133
 Earnings of incorporated
 affiliates 22,000 15,427 6,573
 Dividends 7,621 9,603 -1,982
 Reinvested earnings 14,379 5,824 8,555
 Earnings of unincorporated
 affiliates 421 1,235 -814
 Interest 805 1,431 -626

 Other investment income 19,747 24,944 -5,197
 Securities 13,280 17,102 -3,822
 Dividends 5,392 5,798 -406
 Interest 7,888 11,304 -3,416
 U.S. claims/Canadian
 liabilities 6,467 7,842 -1,375
 U.S. bank claims 3,859 4,134 -275
 Other private U.S. claims 2,608 3,708 -1,100

 2007

Investment Income 45,307 49,774 -4,467

 Direct investment income 21,685 22,263 -578
 Earnings of incorporated
 affiliates 20,176 19,446 730
 Dividends 8,164 10,335 -2,171
 Reinvested earnings 12,012 9,111 2,901
 Earnings of unincorporated
 affiliates 549 1,303 -754
 Interest 960 1,514 -554

 Other investment income 23,622 27,511 -3,889
 Securities 15,590 18,808 -3,218
 Dividends 7,361 6,867 494
 Interest 8,229 11,941 -3,712
 U.S. claims/Canadian
 liabilities 8,032 8,703 -671
 U.S. bank claims 5,403 4,937 466
 Other private U.S. claims 2,629 3,766 -1,137

 Common-basis estimates after
 definitional and methodological
 adjustments

 U.S. Canadian Difference
 receipts payments

 2006

Investment Income 42,445 35,983 6,462

 Direct investment income 23,071 16,411 6,660
 Earnings of incorporated
 affiliates 21,897 14,558 7,339
 Dividends 7,518 8,734 -1,216
 Reinvested earnings 14,379 5,824 8,555
 Earnings of unincorporated
 affiliates 421 1,210 -789
 Interest 753 643 110

 Other investment income 19,374 19,572 -198
 Securities 14,458 16,372 -1,914
 Dividends 5,392 5,068 324
 Interest 9,066 11,304 -2,238
 U.S. claims/Canadian
 liabilities 4,916 3,200 1,716
 U.S. bank claims 1,839 1,493 346
 Other private U.S. claims 3,077 1,707 1,370

 2007

Investment Income 44,251 42,242 2,009

 Direct investment income 21,558 20,386 1,172
 Earnings of incorporated
 affiliates 20,108 18,662 1,446
 Dividends 8,096 9,400 -1,304
 Reinvested earnings 12,012 9,262 2,750
 Earnings of unincorporated
 affiliates 549 1,135 -586
 Interest 901 589 312

 Other investment income 22,693 21,856 837
 Securities 16,819 17,943 -1,124
 Dividends 7,361 6,002 1,359
 Interest 9,458 11,941 -2,483
 U.S. claims/Canadian
 liabilities 5,874 3,913 1,961
 U.S. bank claims 2,700 1,960 740
 Other private U.S. claims 3,174 1,953 1,221

 Reconciled estimates,
 including statistical
 adjustments

 U.S. Canadian
 receipts payments

 2006

Investment Income 40,767 40,767

 Direct investment income 21,293 21,293
 Earnings of incorporated
 affiliates 19,778 19,778
 Dividends 8,858 8,858
 Reinvested earnings 10,920 10,920
 Earnings of unincorporated
 affiliates 817 817
 Interest 698 698

 Other investment income 19,474 19,474
 Securities 15,415 15,415
 Dividends 5,230 5,230
 Interest 10,185 10,185
 U.S. claims/Canadian
 liabilities 4,059 4,059
 U.S. bank claims 1,666 1,666
 Other private U.S. claims 2,393 2,393

 2007

Investment Income 45,963 45,963

 Direct investment income 23,677 23,677
 Earnings of incorporated
 affiliates 22,090 22,090
 Dividends 9,384 9,384
 Reinvested earnings 12,706 12,706
 Earnings of unincorporated
 affiliates 842 842
 Interest 745 745

 Other investment income 22,286 22,286
 Securities 17,284 17,284
 Dividends 6,584 6,584
 Interest 10,700 10,700
 U.S. claims/Canadian
 liabilities 5,002 5,002
 U.S. bank claims 2,438 2,438
 Other private U.S. claims 2,564 2,564

 Total adjustments to
 published estimates

 United Canada
 States

 2006

Investment Income -2,206 -2,270

 Direct investment income -1,933 3,200
 Earnings of incorporated
 affiliates -2,222 4,351
 Dividends 1,237 -745
 Reinvested earnings -3,459 5,096
 Earnings of unincorporated
 affiliates 396 -418
 Interest -107 -733

 Other investment income -273 -5,470
 Securities 2,135 -1,687
 Dividends -162 -568
 Interest 2,297 -1,119
 U.S. claims/Canadian
 liabilities -2,408 -3,783
 U.S. bank claims -2,193 -2,468
 Other private U.S. claims -215 -1,315

 2007

Investment Income 656 -3,811

 Direct investment income 1,992 1,414
 Earnings of incorporated
 affiliates 1,914 2,644
 Dividends 1,220 -951
 Reinvested earnings 694 3,595
 Earnings of unincorporated
 affiliates 293 -461
 Interest -215 -769

 Other investment income -1,336 -5,225
 Securities 1,694 -1,524
 Dividends -777 -283
 Interest 2,471 -1,241
 U.S. claims/Canadian
 liabilities -3,030 -3,701
 U.S. bank claims -2,965 -2,499
 Other private U.S. claims -65 -1,202

 Total adjustments to
 published estimates

 Type of adjustment

 2006

Investment Income

 Direct investment income
 Earnings of incorporated
 affiliates
 Dividends Definitional and statistical
 Reinvested earnings Statistical
 Earnings of unincorporated
 affiliates Definitional and statistical
 Interest Definitional, methodological,
 and statistical

 Other investment income
 Securities
 Dividends Definitional and statistical
 Interest Definitional and statistical
 U.S. claims/Canadian
 liabilities
 U.S. bank claims Methodological and statistical
 Other private U.S. claims Definitional, methodological,
 and statistical

 2007

Investment Income

 Direct investment income
 Earnings of incorporated
 affiliates
 Dividends Definitional and statistical
 Reinvested earnings Definitional and statistical
 Earnings of unincorporated
 affiliates Definitional and statistical
 Interest Definitional, methodological,
 and statistical

 Other investment income
 Securities
 Dividends Definitional and statistical
 Interest Definitional and statistical
 U.S. claims/Canadian
 liabilities
 U.S. bank claims Definitional, methodological,
 and statistical
 Other private U.S. claims Definitional, methodological,
 and statistical

Table 7.2. Investment Income, Southbound
[Millions of U.S. dollars]

 Published estimates

 Canadian U.S. Difference
 receipts payments

 2006

Investment Income 22,677 27,167 -4,490

 Direct investment income 10,079 15,211 -5,132
 Earnings of incorporated
 affiliates 8,206 14,304 -6,098
 Dividends 2,713 1,728 985
 Reinvested earnings 5,493 12,576 -7,083
 Earnings of unincorporated
 affiliates 1,705 507 1,198
 Interest 168 400 -232

 Other investment income 12,598 11,956 642
 Securities 6,826 8,061 -1,235
 Dividends 4,197 4,480 -283
 Interest 2,629 3,581 -952
 Canadian claims/U.S.
 liabilities 4,262 2,613 1,649
 Canadian bank claims 3,328 1,411 1,917
 Other private Canadian
 claims 934 1,202 -268
 U.S. Government liabilities 1,510 1,282 228

 2006

Investment Income 25,136 28,010 -2,874

 Direct investment income 10,164 13,506 -3,342
 Earnings of incorporated
 affiliates 9,015 11,842 -2,827
 Dividends 2,320 777 1,543
 Reinvested earnings 6,695 11,065 -4,370
 Earnings of unincorporated
 affiliates 920 -43 963
 Interest 229 1,707 -1,478

 Other investment income 14,972 14,504 468
 Securities 8,634 9,719 -1,085
 Dividends 5,230 5,438 -208
 Interest 3,404 4,281 -877
 Canadian claims/U.S.
 liabilities 4,455 3,497 958
 Canadian bank claims 3,541 1,927 1,614
 Other private Canadian
 claims 914 1,570 -656
 U.S. Government liabilities 1,883 1,288 595

 Common-basis estimates after
 definitional and methodological
 adjustments

 Canadian U.S. Difference
 receipts payments

 2006

Investment Income 18,800 25,520 -6,720

 Direct investment income 9,669 15,115 -5,446
 Earnings of incorporated
 affiliates 9,180 14,193 -5,013
 Dividends 3,819 1,617 -20,202
 Reinvested earnings 5,361 12,576 -7,215
 Earnings of unincorporated
 affiliates 400 507 -107
 Interest 89 415 -326

 Other investment income 9,131 10,405 -1,274
 Securities 6,311 8,243 -1,932
 Dividends 3,850 4,480 -630
 Interest 2,461 3,763 -1,302
 Canadian claims/U.S.
 liabilities 1,266 880 386
 Canadian bank claims 332 110 222
 Other private Canadian
 claims 934 770 164
 U.S. Government liabilities 1,554 1,282 272

 2006

Investment Income 20,393 25,845 -5,452

 Direct investment income 9,772 13,499 -3,727
 Earnings of incorporated
 affiliates 9,246 11,821 -2,575
 Dividends 3,094 756 2,338
 Reinvested earnings 6,152 11,065 -4,913
 Earnings of unincorporated
 affiliates 471 -43 514
 Interest 55 1,721 -1,666

 Other investment income 10,621 12,346 -1,725
 Securities 7,985 10,081 -2,096
 Dividends 4,798 5,438 -640
 Interest 3,187 4,643 -1,456
 Canadian claims/U.S.
 liabilities 764 977 -213
 Canadian bank claims -150 -8 -142
 Other private Canadian
 claims 914 985 -71
 U.S. Government liabilities 1,872 1,288 584

 Reconciled estimates,
 including statistical
 adjustments

 Canadian U. S.
 receipts payments

 2006

Investment Income 25,493 25,493

 Direct investment income 15,682 15,682
 Earnings of incorporated
 affiliates 14,977 14,977
 Dividends 13,461 3,461
 Reinvested earnings 11,516 11,516
 Earnings of unincorporated
 affiliates 453 453
 Interest 252 252

 Other investment income 9,811 9,811
 Securities 7,277 7,277
 Dividends 4,165 4,165
 Interest 3,112 3,112
 Canadian claims/U.S.
 liabilities 1,132 1,132
 Canadian bank claims 122 122
 Other private Canadian
 claims 1,010 1,010
 U.S. Government liabilities 1,402 1,402

 2006

Investment Income 25,704 25,704

 Direct investment income 14,232 14,232
 Earnings of incorporated
 affiliates 13,130 13,130
 Dividends 2,833 2,833
 Reinvested earnings 10,297 10,297
 Earnings of unincorporated
 affiliates 214 214
 Interest 888 888

 Other investment income 11,472 11,472
 Securities 9,033 9,033
 Dividends 5,118 5,118
 Interest 3,915 3,915
 Canadian claims/U.S.
 liabilities 876 876
 Canadian bank claims -181 -181
 Other private Canadian
 claims 1,057 1,057
 U.S. Government liabilities 1,563 1,563

 Total adjustments to
 published estimates

 Canada United
 States

 2006

Investment Income 2,816 -1,674

 Direct investment income 5,603 471
 Earnings of incorporated
 affiliates 6,771 673
 Dividends 748 1,733
 Reinvested earnings 6,023 -1,060
 Earnings of unincorporated
 affiliates -1,252 -54
 Interest 84 -148

 Other investment income -2,787 -2,145
 Securities 451 -784
 Dividends -32 -315
 Interest 483 -469
 Canadian claims/U.S.
 liabilities -3,130 -1,481
 Canadian bank claims -3,206 -1,289
 Other private Canadian
 claims 76 -192
 U.S. Government liabilities -108 120

 2006

Investment Income 568 -2,306

 Direct investment income 4,068 726
 Earnings of incorporated
 affiliates 4,115 1,288
 Dividends 513 2,056
 Reinvested earnings 3,602 -768
 Earnings of unincorporated
 affiliates -706 257
 Interest 659 -819

 Other investment income -3,500 -3,032
 Securities 399 -686
 Dividends -112 -320
 Interest 511 -366
 Canadian claims/U.S.
 liabilities -3,579 -2,621
 Canadian bank claims -3,722 -2,108
 Other private Canadian
 claims 143 -513
 U.S. Government liabilities -320 275

 Total adjustments to
 published estimates

 Type of adjustment

 2006

Investment Income

 Direct investment income
 Earnings of incorporated
 affiliates Definitional, methodological,
 and statistical
 Dividends Methodological and statistical
 Reinvested earnings Definitional, methodological,
 and statistical
 Earnings of unincorporated
 affiliates Definitional, methodological,
 and statistical
 Interest

 Other investment income
 Securities
 Dividends Definitional and statistical
 Interest Definitional, methodological,
 and statistical
 Canadian claims/U.S.
 liabilities
 Canadian bank claims Definitional, methodological,
 and statistical
 Other private Canadian
 claims Methodological and statistical
 U.S. Government liabilities Definitional and statistical

 2006

Investment Income

 Direct investment income
 Earnings of incorporated
 affiliates
 Dividends Definitional, methodological,
 and statistical
 Reinvested earnings Methodological and statistical
 Earnings of unincorporated
 affiliates Definitional, methodological,
 and statistical
 Interest Definitional, methodological,
 and statistical

 Other investment income
 Securities
 Dividends Definitional and statistical
 Interest Definitional, methodological,
 and statistical
 Canadian claims/U.S.
 liabilities
 Canadian bank claims Definitional, methodological,
 and statistical
 Other private Canadian
 claims Methodological and statistical
 U.S. Government liabilities Definitional and statistical