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Canada Current Account

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Canada Current Account

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Status

 
Latest Release
Aug 29, 2024
Actual
-8.5B
Forecast
-6.0B
Previous
-5.4B
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 28, 2024 (Q3) 08:30     -8.5B
Aug 29, 2024 (Q2) 07:30 -8.5B -6.0B -5.4B
May 30, 2024 (Q1) 07:30 -5.4B -5.5B -4.5B
Feb 28, 2024 (Q4) 08:30 -1.6B -1.9B -4.7B
Nov 29, 2023 (Q3) 08:30 -3.2B 1.0B -7.3B
Aug 31, 2023 (Q2) 07:30 -6.6B -11.2B -3.2B

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
Bank Of Canada's Turn By Marc Chandler - Jun 01, 2022

The recent equity rally was stalling. Asia Pacific equities were mixed, with Japan, South Korea, and Australia, among the major bourses posting gains.Europe’s Dow Jones Stoxx 50 was slipping...

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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