Monitor CA Current Account to gauge CAD demand, reflecting foreign transaction levels in Canada.
This indicator is closely associated with currency demand; an increasing surplus suggests that foreign investors are purchasing more of the local currency to conduct transactions within the country. The goods segment is not relevant, as it merely repeats the monthly Trade Balance figures.
What it Measures
This reflects the difference in value between goods, services, investment income, and current transfers imported and exported during the previous quarter.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered positive for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Data is published quarterly, approximately 60 days following the end of the quarter.
How Data is Derived
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Also Known As
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Acronym
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