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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 - Thursday 31 August 2023 12:30

Previous
-6.17B
Revised
-3.17B
Forecast
-11.2B
Actual
-6.63B

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

Next event - Thursday 30 November 2023 13:30

Previous
-6.63B
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 -6.63B against a forecast of -11.2B.

Past events

Date
Forecast
Actual
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
Monday 1 March 2021 13:30
-8.3B
-7.26B
Monday 30 November 2020 13:30
-9.1B
-7.53B

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
Gross Domestic Product (MoM)Bullish change-0.2%0%
Retail Sales (MoM)Bullish change0.1%0.3%
Retail Sales ex Autos (MoM)Bullish change-0.7%1%
BoC Consumer Price Index Core (MoM)Bearish change0.5%0.1%
BoC Consumer Price Index Core (YoY)Bullish change3.2%3.3%
Consumer Price Index (MoM)Bearish change0.6%0.4%
Consumer Price Index (YoY)Bullish change3.3%4%

About Current Account

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