Canada Exports
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 |
|
|
1.3600 -132 pips |
1.3731 +1 pips |
1.37315 | |
| AUDCAD |
|
|
0.8972 -54 pips |
0.9034 -8 pips |
0.90262 | |
| CADJPY |
|
|
111.5631 -163 pips |
113.0412 +16 pips |
113.197 | |
| EURCAD |
|
|
1.4686 -67 pips |
1.4767 -14 pips |
1.47526 | |
| GBPCAD |
|
|
1.7030 -119 pips |
1.7169 -20 pips |
1.71495 | |
| NZDCAD |
|
|
0.8184 -54 pips |
0.8271 -33 pips |
0.82378 | |
| CADCHF |
|
|
0.6565 -48 pips |
0.6733 -120 pips |
0.66135 |
News (CAD)
Bank Of Canada Leaves Rates Unchanged As Inflation Remains 'Too High'
The Bank of Canada announced its widely expected decision to once again leave interest rates unchanged on Wednesday, saying inflation is still "too high." The Canadian central bank held its target for the overnight rate at 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent.
RTTNews | 28 days ago
Bank Of Canada Leaves Rates Unchanged Amid Ongoing Inflation Concerns
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The decision to leave rates unchanged came as the Bank of Canada said its Governing Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.
RTTNews | 63 days ago
Bank Of Canada Leaves Rates Unchanged, Still Concerned About Inflation Outlook
Citing the outlook for the economy and inflation, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The decision to leave rates unchanged comes as the Bank of Canada said its Governing Council is "still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation."
RTTNews | 105 days ago
