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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 |
|
|
1.3785 -124 pips |
1.4118 -209 pips |
1.39089 | |
| AUDCAD |
|
|
0.8811 -123 pips |
0.8959 -25 pips |
0.89344 | |
| CADJPY |
|
|
101.4815 -233 pips |
106.7913 -298 pips |
103.811 | |
| EURCAD |
|
|
1.5348 -346 pips |
1.5653 +41 pips |
1.56937 | |
| GBPCAD |
|
|
1.8168 -461 pips |
1.8543 +86 pips |
1.86291 | |
| NZDCAD |
|
|
0.8111 -133 pips |
0.8291 -47 pips |
0.82439 | |
| CADCHF |
|
|
0.6015 +66 pips |
0.6280 -331 pips |
0.59492 |
News (CAD)
Bank Of Canada Leaves Interest Rates Unchanged Amid Tariff Uncertainty
Following a series of interest rate cuts over the past several months, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 34 days ago
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
RTTNews | 69 days ago
Bank Of Canada Cuts Interest Rates, Warns About Impact Of Potential Tariffs
The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by a quarter point, noting consumer price inflation remains close to 2 percent and the economy is in excess supply. After cutting rates by 50 basis points at each of its two previous meetings, the Bank of Canada decided to lower the overnight rate by 25 basis points to 3 percent.
RTTNews | 111 days ago
