Monitor CA Trade Balance to gauge export health and currency strength. Key for Forex and equity markets.
The demand for exports is closely tied to the demand for currency, as foreign buyers need to acquire the domestic currency to purchase a country's exports. This demand also affects production levels and pricing for local manufacturers. A positive export figure signifies that exports exceed imports, with approximately 75% of Canadian exports being bought by the United States.
What it Measures
The difference in value between what is imported and what is exported in the reported month.
Usual Effect
A result that is higher than the forecast is favorable for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Data is released monthly, roughly 35 days after the end of the month.
How Data is Derived
N/A
Also Known As
International Merchandise Trade
Acronym
N/A