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Canada Current Account

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Canada Current Account

Frequency

Delivery Method

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Status

 
Latest Release
Nov 29, 2021
Actual
1.4B
Forecast
4.6B
Previous
1.4B
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
Nov 29, 2021 (Q3) 08:30 1.4B 4.6B 1.4B
Aug 30, 2021 (Q2) 07:30 3.6B 3.4B 1.8B
May 31, 2021 (Q1) 07:30 1.2B -8.3B -5.3B
Mar 01, 2021 (Q4) 08:30 -7.3B -8.3B -10.5B
Nov 30, 2020 (Q3) 08:30 -7.5B -9.1B -7.0B
Aug 27, 2020 (Q2) 07:30 -8.6B -12.2B -13.2B

News

Forex - USD/CAD moves higher after strong U.S. data
Forex - USD/CAD moves higher after strong U.S. data By Investing.com - Aug 30, 2017

Investing.com - The U.S. dollar moved higher against its Canadian counterpart on Wednesday, boosted by strong U.S. economic reports, while lower oil prices dampened demand for the commodity-related...

The Week Ahead: 5 Things to Watch on the Economic Calendar
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
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

Marc Chandler
Little Follow-Through From Powell's Goose By Marc Chandler - Aug 30, 2021

There has been some follow-through activity after Fed Chair Powell's pre-weekend Jackson Hole comments, which confirmed the likely tapering ahead of year-end while underscoring the distinction between...

Current Account Discussion

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All Comments (2)
Aamir Hussain
Aamir Hussain Nov 29, 2017 1:37PM ET
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30/11/2017 Cad/USD  sell.....
john smith
john smith May 29, 2014 6:40AM ET
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CADJPY , up or down?.
 
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