Trade Balance (CAD) comes in at 0.769B against 3.831B consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s latest Trade Balance report, released today, showed a figure of 0.769B. This came in significantly below the consensus expectation of 3.831B, representing a -79.9% surprise. The previous month’s figure was 3.855B.
Following the release, the Canadian dollar experienced varied movements against major currencies. AUDCAD was up 9.0 pips after 15 minutes, compared to its median 1-hour move of 6 pips. CADCHF was down 4.3 pips, against a median 1-hour move of 6 pips. CADJPY was down 9.2 pips, with its median 1-hour move typically 11 pips. EURCAD gained 7.3 pips, while its median 1-hour move is 13 pips. GBPCAD rose 17 pips, matching its median 1-hour move of 17 pips. NZDCAD was up 9.5 pips, compared to its median 1-hour move of 7 pips. USDCAD was down 6.0 pips, against a median 1-hour move of 10 pips. Some of these initial moves are relatively small compared to typical post-release volatility.