International Merchandise Trade

The International Merchandise Trade released by Statistics Canada is the difference in the value (in Canadian dollar terms) of its imports and exports of Canadian goods excluding intangibles like services. Export data can give an important reflection of Canadian growth as tangible goods like oil, gold and manufacturing dominate a large part of Canada's GDP. If a steady demand in exchange for Canadian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD.

Most recent - Thursday 5 December 2024 13:30

Previous
$-1.26B
Revised
$-1.3B
Forecast
$-0.8B
Actual
$-0.92B

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

Next event - Wednesday 8 January 2025 13:30

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for International Merchandise Trade yet - check back for updates.

Trading range

Forecast history

The most recent announced value for International Merchandise Trade was $-0.92B against a forecast of $-0.8B.

Past events

Date
Forecast
Actual
Thursday 5 December 2024 13:30
$-0.8B
$-0.92B
Tuesday 5 November 2024 13:30
$-0.8B
$-1.26B
Tuesday 8 October 2024 12:30
$-0.5B
$-1.1B
Wednesday 4 September 2024 12:30
$0.85B
$0.68B
Tuesday 6 August 2024 12:30
$-1.84B
$0.64B
Wednesday 3 July 2024 12:30
$-1.2B
$-1.93B
Thursday 6 June 2024 12:30
$-1.4B
$-1.05B
Thursday 2 May 2024 12:30
$1.5B
$-2.28B
Thursday 4 April 2024 12:30
$0.8B
$1.39B
Thursday 7 March 2024 13:30
$0.1B
$0.5B
Wednesday 7 February 2024 13:30
$1.1B
$-0.31B
Tuesday 9 January 2024 13:30
$2B
$1.57B
Wednesday 6 December 2023 13:30
$1.6B
$2.97B
Tuesday 7 November 2023 13:30
-
$2.04B
Thursday 5 October 2023 12:30
$-1.5B
$0.72B
Wednesday 6 September 2023 12:30
$-3.65B
$-0.99B
Tuesday 8 August 2023 12:30
$-2.9B
$-3.73B
Thursday 6 July 2023 12:30
$1.5B
$-3.44B
Wednesday 7 June 2023 12:30
$0.9B
$1.94B
Thursday 4 May 2023 12:30
$0.2B
$0.97B
Wednesday 5 April 2023 12:30
$1.8B
$0.42B
Wednesday 8 March 2023 13:30
$-0.06B
$1.92B
Tuesday 7 February 2023 13:30
$-1B
$-0.16B
Thursday 5 January 2023 13:30
$0.61B
$-0.04B
Tuesday 6 December 2022 13:30
$1B
$1.21B
Thursday 3 November 2022 12:30
$1.34B
$1.14B
Wednesday 5 October 2022 12:30
$3.5B
$1.52B
Wednesday 7 September 2022 12:30
$3.8B
$4.05B
Thursday 4 August 2022 12:30
$4.8B
$5.05B
Thursday 7 July 2022 12:30
$2.4B
$5.32B
Tuesday 7 June 2022 12:30
$2.9B
$1.5B
Wednesday 4 May 2022 12:30
$3.8B
$2.49B
Tuesday 5 April 2022 12:30
$2.9B
$2.66B
Tuesday 8 March 2022 13:30
$1.6B
$2.62B
Tuesday 8 February 2022 13:30
$2.5B
$-0.14B
Thursday 6 January 2022 13:30
$2.03B
$3.13B

Economic context

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

PreviousLatest
Gross Domestic Product (MoM)Bullish change0.2%0.3%
Retail Sales (MoM)(no change)0.6%0.6%
Retail Sales ex Autos (MoM)Bearish change1.1%0.1%
BoC Consumer Price Index Core (MoM)Bearish change0.4%-0.1%
BoC Consumer Price Index Core (YoY)Bearish change1.7%1.6%
Consumer Price Index (MoM)Bearish change0.4%0%
Consumer Price Index (YoY)Bearish change2%1.9%

About International Merchandise Trade

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