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Canada Imports
In Canada, consumer goods accounted for 20% of total imports in 2018, followed by motor vehicles and parts (19%), electronic and electrical equipment and parts (12%), industrial machinery, equipment, and parts (11%), basic and industrial chemical, plastic, and rubber products (8%), metal and non-metallic mineral products (7%), and energy products (6%). Canada's largest trading partners were the United States (which accounted for 64% of total imports), the European Union (10%), with Germany accounting for 3%, China (8%), Mexico (3%), and Japan (2%).
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 |
|
|
1.3767 -81 pips |
1.4099 -251 pips |
1.38476 | |
| AUDCAD |
|
|
0.8742 -86 pips |
0.8907 -79 pips |
0.88277 | |
| CADJPY |
|
|
100.9743 -168 pips |
106.6031 -395 pips |
102.651 | |
| EURCAD |
|
|
1.5268 -506 pips |
1.5655 +119 pips |
1.57742 | |
| GBPCAD |
|
|
1.7926 -468 pips |
1.8377 +17 pips |
1.83939 | |
| NZDCAD |
|
|
0.8135 -83 pips |
0.8312 -94 pips |
0.82183 | |
| CADCHF |
|
|
0.6004 +108 pips |
0.6291 -395 pips |
0.58955 |
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 | 2 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 | 37 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 | 79 days ago
