Current Account

The current account, released by Statistics Canada, is a net flow of current transactions, including goods, services and interest payments into and out of Canada. A current account surplus indicates that the flow of capital into Canada exceeds the capital reduction. The data is expressed in Canadian dollar terms. A high reading is seen as positive (or bullish) for the CAD, whereas a low reading is seen as negative (or bearish)

Next event - Thursday 28 November 2024 13:30

Previous
-8.48B
Forecast
-9.3B
Actual
-

The typical/expected impact on CAD pairs is medium.

The consensus forecast for Current Account is -9.3B. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Most recent - Thursday 29 August 2024 12:30

Previous
-5.37B
Revised
-
Forecast
-5.9B
Actual
-8.48B

Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Current Account was -8.48B against a forecast of -5.9B.

Past events

Date
Forecast
Actual
Thursday 29 August 2024 12:30
-5.9B
-8.48B
Thursday 30 May 2024 12:30
-5.5B
-5.37B
Wednesday 28 February 2024 13:30
-1.25B
-1.62B
Wednesday 29 November 2023 13:30
1B
-3.22B
Thursday 31 August 2023 12:30
-11.2B
-6.63B
Tuesday 30 May 2023 12:30
-9.35B
-6.17B
Monday 27 February 2023 13:30
-
-10.64B
Monday 28 November 2022 13:30
8.68B
-11.1B
Tuesday 30 August 2022 12:30
6.6B
2.69B
Monday 30 May 2022 12:30
3.2B
5.03B
Monday 28 February 2022 13:30
-
-0.8B
Monday 29 November 2021 13:30
1.9B
1.37B

Economic context

Recent economic data has been strongly bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Current Account result:

PreviousLatest
Retail Sales (MoM)(no change)0.4%0.4%
Retail Sales ex Autos (MoM)Bullish change-0.8%0.9%
BoC Consumer Price Index Core (MoM)Bullish change0%0.4%
BoC Consumer Price Index Core (YoY)Bullish change1.6%1.7%
Consumer Price Index (MoM)Bullish change-0.4%0.4%
Consumer Price Index (YoY)Bullish change1.6%2%

About Current Account

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Capital Flows
Frequency:Quarterly
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