Current Account (CAD) comes in at 8.836B against -4.065B consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Current Account data, released today, showed a surplus of 8.836B. This figure significantly exceeded the consensus expectation of a -4.065B deficit. The actual print represents a 317.4% positive surprise compared to analyst forecasts. The previous period’s reading was a -7.184B deficit.
Following the release, market reaction in CAD pairs has been observed. As of 15 minutes post-release, CADJPY moved up by 1.5 pips. Other CAD pairs showed declines against the CAD, with GBPCAD down 5.0 pips, AUDCAD down 4.0 pips, USDCAD down 1.8 pips, EURCAD down 1.7 pips, NZDCAD down 1.2 pips, and CADCHF down 0.1 pips. These observed movements are relatively small when compared to the historical median 1-hour moves for these pairs, which typically range from 6 pips for CADCHF to 13 pips for EURCAD and GBPCAD after past releases.