Breaking News

Canada Current Account

Latest Release

Nov 28, 2022

Actual

-11.1B

Forecast

6.6B

2.7B

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

Release Date	Time	Actual	Forecast	Previous
Nov 28, 2022 (Q3)	08:30	-11.1B	6.6B	2.7B
Aug 30, 2022 (Q2)	07:30	2.7B	6.6B	2.7B
May 30, 2022 (Q1)	07:30	5.0B	3.2B	-0.1B
Feb 28, 2022 (Q4)	08:30	-0.8B	4.8B	0.8B
Nov 29, 2021 (Q3)	08:30	1.4B	4.6B	1.4B
Aug 30, 2021 (Q2)	07:30	3.6B	3.4B	1.8B

News

UPDATE 1-Canada Q3 current account deficit grew to near-record high By Reuters - Nov 30, 2017

OTTAWA, Nov 30 (Reuters) - Canada's current account deficit in the third quarter swelled to C$19.35 billion ($15.00 billion), the third largest in history, as the country's international trade gap in...

The Week Ahead: 5 Things to Watch on the Economic Calendar By Investing.com - May 28, 2017

Investing.com - Global financial markets will focus on this week's U.S. employment report due Friday for further signs of the Federal Reserve's likely rate hike trajectory through the end of the...

Forex - USD/CAD at more than 5-week highs after BoC holds By Investing.com - Mar 01, 2017

Investing.com - The U.S. dollar rose to more than five-week highs against its Canadian counterpart on Wednesday, after the Bank of Canada left interest rates unchanged and as upbeat U.S. manufacturing...

Analysis

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...

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

Daily FX Market Roundup 02.26.20 By 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...

USD/CAD Chipping Away At Resistance Amid BoC’s Policy U-Turn By Fawad Razaqzada - Nov 25, 2019

Last week’s Canadian data releases beat expectations, yet the dollar finished the week lower against her southern neighbour. Manufacturing and retail sales both fell less than expected, while...

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