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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)

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Most recent - Thursday 30 May 2024 12:30

-4.51B

Revised

-4.51B

Forecast

-5.5B

Actual

-5.37B

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

Trading range

Forecast history

The most recent announced value for Current Account was -5.37B against a forecast of -5.5B.

Past events

Date

Forecast

Actual

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

-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

Economic context

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

		Previous	Latest
BoC Interest Rate Decision	Bearish change	4.75%	4.5%
Retail Sales (MoM)	Bearish change	0.6%	-0.8%
Retail Sales ex Autos (MoM)	Bearish change	1.7%	-1.3%
BoC Consumer Price Index Core (MoM)	Bearish change	0.6%	-0.1%
BoC Consumer Price Index Core (YoY)	Bullish change	1.8%	1.9%
Consumer Price Index (MoM)	Bearish change	0.6%	-0.1%
Consumer Price Index (YoY)	Bearish change	2.9%	2.7%

About Current Account

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

Related events

	Australia		Trade Balance (MoM)
	Australia		Exports (MoM)
	Australia		Imports (MoM)
	Canada		International Merchandise Trade
	China		Imports (YoY)
	China		Exports (YoY)
	China		Trade Balance USD
	China		FDI - Foreign Direct Investment (YTD) (YoY)
	Germany		Trade Balance s.a.
	Japan		Merchandise Trade Balance Total
	Japan		Exports (YoY)
	Japan		Imports (YoY)
	Japan		Current Account n.s.a.
	New Zealand		Exports
	New Zealand		Trade Balance NZD (YoY)
	New Zealand		Imports
	United States		Goods and Services Trade Balance

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