A current account imbalance finally unwinds

I've been unavoidably delayed in responding to a wave of recent events, so it's catch-up time.

The 2007Q4 current account went negative for the first time this century. Although imports and investment income payments held steady, the CAD appreciation led to declines in both the value of exports and in the value of investment income receipts.

So the six-year appreciation of the CAD may finally be drawing to an end.

Now what?