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Canada Current Account

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Canada Current Account

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Status

 
Latest Release
Feb 28, 2024
Actual
-1.6B
Forecast
-1.9B
Previous
-4.7B
The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation's exports the data can have a sizable affect on the CAD.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
Importance:
Country:
Currency: CAD
Source: Statistics Canada
Canada Current Account
 
Release Date Time Actual Forecast Previous
Feb 28, 2024 (Q4) 09:30 -1.6B -1.9B -4.7B
Nov 29, 2023 (Q3) 09:30 -3.2B 1.0B -7.3B
Aug 31, 2023 (Q2) 08:30 -6.6B -11.2B -3.2B
May 30, 2023 (Q1) 08:30 -6.2B -10.9B -8.1B
Feb 27, 2023 (Q4) 09:30 -10.6B -11.0B -8.4B
Nov 28, 2022 (Q3) 09:30 -11.1B 6.6B 2.7B

News

Canadian Markets Calendar: What to Watch in the Week Ahead
Canadian Markets Calendar: What to Watch in the Week Ahead By Investing.com - Feb 27, 2023

By Ketki Saxena Investing.com -- What to watch in Canadian Markets in the Week Ahead Monday, February 27 In Canadian Economics: Current Account Balance TSX Earnings: Ivanhoe Mines,, MEG Energy In the...

Analysis

Kathy Lien
FX: Risk On Trades Could Lose Steam By Kathy Lien - May 28, 2020

U.S. equities extended their gains Thursday on the back of better-than-expected economic data. Durable goods fell less than anticipated, jobless claims hovered around 2 million and the market largely...

Kathy Lien
Wall Street Gives Up Gains, FX Struggles By Kathy Lien - Feb 26, 2020

Daily FX Market Roundup 02.26.20By Kathy Lien, Managing Director Of FX Strategy For BK Asset Management The last 2 days has been brutal for U.S. markets with the Dow Jones Industrial Average...

Current Account Discussion

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