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 |
|
|
1.2501 +9 pips |
1.2707 -215 pips |
1.24921 | |
| AUDCAD |
|
|
0.9036 +14 pips |
0.9146 -124 pips |
0.90223 | |
| CADJPY |
|
|
89.2289 -242 pips |
90.8419 +81 pips |
91.65 | |
| EURCAD |
|
|
1.4342 +77 pips |
1.4551 -286 pips |
1.42651 | |
| GBPCAD |
|
|
1.7000 -60 pips |
1.7170 -110 pips |
1.70602 | |
| NZDCAD |
|
|
0.8576 +77 pips |
0.8612 -113 pips |
0.84987 | |
| CADCHF |
|
|
0.7233 -78 pips |
0.7328 -17 pips |
0.73111 |
