Over 30% of Canada's gross domestic product (GDP) is generated through exports. Canada's most important exports in 2018 were energy products that accounted for 19% of total exports, followed by motor vehicles and parts (15%), consumer goods (11%), metal and nonmetallic mineral products (11%), forestry products, and building and packaging materials (8%), farm, fishing, and intermediate food products (7%), industrial machinery, equipment, and parts (7%), and basic and industrial chemicals (6%). The United States accounts for 74% of total exports and is by far the most important market for Canadian exports, followed by the European Union (8%), of which Germany (3%), China (5%), and Japan and Mexico (2% each).
A higher than expected figure should be seen as positive (bullish) for the CAD while a lower than expected figure should be seen as negative (bearish) for the CAD.
Forex Sentiment (CAD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDCAD |
|
|
1.3205 -140 pips |
1.3389 -44 pips |
1.33454 | |
| AUDCAD |
|
|
0.9141 -302 pips |
0.9469 -26 pips |
0.9443 | |
| CADJPY |
|
|
95.1740 -241 pips |
100.8375 -325 pips |
97.589 | |
| EURCAD |
|
|
1.4208 -319 pips |
1.4557 -30 pips |
1.45274 | |
| GBPCAD |
|
|
1.6184 -326 pips |
1.6690 -180 pips |
1.65104 | |
| NZDCAD |
|
|
0.8426 -227 pips |
0.8673 -20 pips |
0.86535 | |
| CADCHF |
|
|
0.6884 -29 pips |
0.7066 -153 pips |
0.69134 |
