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)

Most recent - Wednesday 28 February 2024 13:30

Previous
-3.22B
Revised
-4.74B
Forecast
-1.25B
Actual
-1.62B

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

Next event - Thursday 30 May 2024 12:30

Previous
-1.62B
Forecast
-
Actual
-

The typical/expected impact on CAD pairs is medium.

There is no forecast value for Current Account yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Current Account was -1.62B against a forecast of -1.25B.

Past events

Date
Forecast
Actual
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
Monday 30 August 2021 12:30
-
3.58B
Monday 31 May 2021 12:30
3.4B
1.18B

Economic context

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

PreviousLatest
BoC Consumer Price Index Core (MoM)Bearish change0.5%0.2%
BoC Consumer Price Index Core (YoY)Bearish change2%1.6%
Consumer Price Index (MoM)Bearish change0.6%0.5%
Consumer Price Index (YoY)Bearish change2.9%2.7%
Average Hourly Wages (YoY)Bearish change5%4.8%
Net Change in EmploymentBullish change-2.2K90.4K
Unemployment Rate(no change)6.1%6.1%

About Current Account

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

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