Transactions between canada and the rest of the world are, Ask an Expert

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Transactions between Canada and the rest of the world are shown below:

Canadian citizens receive C$5 million worth of dividends from foreign investments.

Imperial Oil (Canadian firm) invests C$60 million in overseas oil discovery.

Foreign tourists spend C$45 million in Canada.

Canadian government sells C$20 million worth of treasury securities to foreign nations.

Alcan (Canadian firm) sells C$8 million worth of aluminum to US companies.

Canadian government buys C$32 million worth of gold.

Canadian firm buys C$12 million worth of computer components from Sony.

Canada sends C$4 million in aid to Mexico.

Ford spends C$30 million in constructing an assembly plant in Canada.

Find the capital account balance . Enter your final answer in terms of millions of dollars.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92869089

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