What is it? It checks the difference in value between imported and exported goods during the reported month.
Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
Usual Effect: If the actual number is bigger than the forecast, you can expect the CAD to rise.
When? October 3rd at 08:30am Eastern Time.
Trading Tip: The announcement can greatly affect the CAD, make sure to make your trade before.
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