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Canada Trade Balance

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Canada Trade Balance

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Status

 
Latest Release
May 04, 2021
Actual
-1.14B
Forecast
0.70B
Previous
1.42B
The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.

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 Trade Balance
 
Release Date Time Actual Forecast Previous
May 04, 2021 (Mar) 08:30 -1.14B 0.70B 1.42B
Apr 07, 2021 (Feb) 08:30 1.04B 1.00B 1.21B
Mar 05, 2021 (Jan) 09:30 1.41B -1.40B -1.98B
Feb 05, 2021 (Dec) 09:30 -1.67B -3.00B -3.56B
Jan 07, 2021 (Nov) 09:30 -3.34B -3.50B -3.73B
Dec 04, 2020 (Oct) 09:30 -3.76B -3.00B -3.82B

News

CN Rail Strike Takes a Toll on Canada’s Trade Balance
CN Rail Strike Takes a Toll on Canada’s Trade Balance By Bloomberg - Jan 07, 2020

(Bloomberg) -- Canada’s trade gap reached C$1.1 billion ($847 million) in November after a multi-day rail strike disrupted transportation of key goods, raising concerns about the strength of the...

Analysis

Marc Chandler
Softer Yields = Softer Dollar By Marc Chandler - 10 hours ago

The surge in consumer prices reported on Wednesday saw rates jump and the dollar push higher. Stronger than expected producer prices yesterday, and news of wage increases (average 10%) at McDonald’s...

Marc Chandler
May Fourth Be With The Dollar By Marc Chandler - May 04, 2021

After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today. It is posting broad gains, and the euro has been sold through last week's lows....

Trade Balance Discussion

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