|Medium||$5.046 B||$3.368 B||
Canada Trade Balance measures a change between exports and imports, in US dollars. Economists use the indicator to measure the activity of the manufacturing sector and the intensity of foreign trade flows.
A nation importing more goods and services than it exports has a trade deficit. For countries with highly developed economies, like Canada, it means that labor-intensive production is transferred abroad, thus restraining inflation and maintaining high standard of living.
When exports exceed imports, a trade surplus is formed. It is an indication of high production level. It also shows that the nation produces more goods than it can consume. Canada's economy is largely export-oriented, so the trade balance surplus is more favorable for its development than the deficit.
However, the impact of the trade balance on the Canadian dollar quotes is ambiguous. It depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. This may influence the Canadian dollar quotes accordingly.
The chart of the entire available history of the "Canada Trade Balance" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.
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