Canada Exports

Info

History

Chart

Impact:

Low

Latest Release:

Surprise:

CAD-1.49B

Actual:

C$70.11B

Forecast: C$71.6B

Previous/Revision:

C$74.21B

Period: Apr 2025

Next Release:

Forecast: C$63.1B

Period: May 2025

What Does It Measure?

Canada Exports measures the total value of goods and services sold by Canada to foreign buyers, assessing the country's economic health and trade balance. The primary focus is on production and economic activity related to export industries, incorporating key indicators such as changes in export volumes and values, which are critical to understanding Canada's trade performance on a national scale.

Frequency

Canada Exports data is released monthly, typically within one to two months following the reporting period, and often represents final figures.

Why Do Traders Care?

Traders care about Canada Exports because it reflects international demand for Canadian goods and services, directly influencing currency valuation, particularly the Canadian dollar (CAD). Positive or higher-than-expected export figures signal a strong economy, which is bullish for the CAD, while lower readings may weaken the currency, affecting stocks of export-oriented companies.

What Is It Derived From?

Canada Exports is derived from customs data collected by Statistics Canada, analyzing trade documents submitted by exporters. It relies on comprehensive reporting and data aggregation from businesses engaged in international trade, ensuring a robust measure of export activity.

Description

Canada Exports data serves as a key economic indicator as exports represent a significant component of the country's GDP. Preliminary export data may experience revisions as additional customs data becomes available, and final reports are more accurate but typically yield minimal market reaction unless discrepancies exist. Export data is usually reported on both a seasonally adjusted Month-over-Month (MoM) and Year-over-Year (YoY) basis, with traders focusing on MoM shifts to identify short-term economic trends, complementing YoY comparisons that address long-term changes by eliminating seasonal effects.

Additional Notes

Canada Exports is commonly viewed as a coincident indicator, mirroring the current state of economic activity and international money flow. This metric also connects with broader global trade trends, impacting and reflecting conditions in other trade-dependent countries.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bullish for Stocks. Lower than expected: Bearish for CAD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 03, 2025	C$70.11B	C$71.6B	C$74.21B	C$-1.49B
Mar 06, 2025	C$74.46B	C$68.9B	C$70.59B	C$5.56B
Feb 05, 2025	C$69.46B	C$65.8B	C$66.2B	C$3.66B
Jan 07, 2025	C$66.11B	C$64B	C$64.68B	C$2.11B
Dec 05, 2024	C$64.22B	C$64.3B	C$63.52B	C$-0.08B
Nov 05, 2024	C$63.88B	C$64B	C$63.96B	C$-0.12B
Oct 08, 2024	C$64.31B	C$64B	C$64.94B	C$0.31B
Sep 04, 2024	C$65.66B	C$67.3B	C$65.92B	C$-1.64B
Aug 06, 2024	C$66.65B	C$63B	C$63.19B	C$3.65B
Jul 03, 2024	C$62.45B	C$63B	C$64.11B	C$-0.55B
Jun 06, 2024	C$64.45B	C$64B	C$62.81B	C$0.45B
May 02, 2024	C$62.56B	C$66.2B	C$66.1B	C$-3.64B
Apr 04, 2024	C$66.62B	C$61.5B	C$62.98B	C$5.12B
Mar 07, 2024	C$62.29B	C$65B	C$63.37B	C$-2.71B
Feb 07, 2024	C$64.07B	C$66.1B	C$65.33B	C$-2.03B
Jan 09, 2024	C$65.74B	C$65.4B	C$66.17B	C$0.34B
Dec 06, 2023	C$65.98B	C$66B	C$65.93B	C$-0.02B
Nov 07, 2023	C$67.03B	C$65.2B	C$65.28B	C$1.83B
Oct 05, 2023	C$64.56B	C$62B	C$61.06B	C$2.56B
Sep 06, 2023	C$60.42B	C$57B	C$59.97B	C$3.42B
Aug 08, 2023	C$60.7B	C$64.7B	C$62.05B	C$-4B
Jul 06, 2023	C$61.53B	C$65.3B	C$63.96B	C$-3.77B
Jun 07, 2023	C$64.85B	C$63B	C$63.24B	C$1.85B
May 04, 2023	C$63.56B	C$64.5B	C$64B	C$-0.94B
Apr 05, 2023	C$65.03B	C$64.6B	C$66.66B	C$0.43B
Mar 08, 2023	C$67.02B	C$64.9B	C$64.32B	C$2.12B
Feb 07, 2023	C$62.97B	C$63.8B	C$63.75B	C$-0.83B
Jan 05, 2023	C$64.37B	C$67B	C$65.89B	C$-2.63B
Dec 06, 2022	C$67.04B	C$65B	C$66.04B	C$2.04B
Nov 03, 2022	C$66.37B	C$66B	C$65.49B	C$0.37B
Oct 05, 2022	C$65.38B	C$66B	C$67.35B	C$-0.62B
Sep 07, 2022	C$68.25B	C$69B	C$70.23B	C$-0.75B
Aug 04, 2022	C$69.9B	C$69B	C$68.56B	C$0.9B
Jul 07, 2022	C$68.44B	C$64.3B	C$65.71B	C$4.14B
Jun 07, 2022	C$64.31B	C$61.1B	C$63.95B	C$3.21B
May 04, 2022	C$63.63B	C$61.76B	C$59.84B	C$1.87B
Apr 05, 2022	C$58.75B	C$58.05B	C$57.12B	C$0.7B
Mar 08, 2022	C$56.62B	C$58.3B	C$56.72B	C$-1.68B
Feb 08, 2022	C$57.61B	C$59B	C$58.15B	C$-1.39B
Jan 06, 2022	C$58.57B	C$55B	C$56.42B	C$3.57B
Dec 07, 2021	C$56.18B	C$54B	C$52.8B	C$2.18B
Nov 04, 2021	C$53B	C$55B	C$54.26B	C$-2B
Oct 05, 2021	C$54.44B		C$54.01B
Sep 02, 2021	C$53.75B		C$53.41B
Aug 05, 2021	C$53.76B		C$49.44B
Jul 02, 2021	C$49.5B		C$50.21B
Jun 08, 2021	C$50.21B		C$50.7B
May 04, 2021	C$50.62B		C$50.49B
Apr 07, 2021	C$49.86B		C$51.22B
Mar 05, 2021	C$51.19B		C$47.37B
Feb 05, 2021	C$47.32B		C$46.6B
Jan 07, 2021	C$46.8B		C$46.5B
Dec 04, 2020	C$46.5B	C$46B	C$45.48B	C$0.5B
Nov 04, 2020	C$45.54B	C$45.25B	C$44.86B	C$0.29B
Oct 06, 2020	C$44.93B	C$47.9B	C$45.4B	C$-2.97B
Sep 03, 2020	C$45.43B	C$41B	C$40.9B	C$4.43B
Aug 05, 2020	C$39.71B	C$38.8B	C$33.9B	C$0.91B
Jul 02, 2020	C$34.61B	C$33.6B	C$32.45B	C$1.01B
Jun 04, 2020	C$32.66B	C$42.07B	C$46.43B	C$-9.41B
May 05, 2020	C$46.26B	C$45B	C$48.52B	C$1.26B
Apr 02, 2020	C$48.34B	C$47.7B	C$48.09B	C$0.64B
Mar 06, 2020	C$48.14B	C$49.3B	C$49.12B	C$-1.16B
Feb 05, 2020	C$49.32B	C$50.1B	C$48.38B	C$-0.78B
Jan 07, 2020	C$48.7B	C$49.3B	C$49.4B	C$-0.6B
Dec 05, 2019	C$49.91B	C$49.3B	C$49.53B	C$0.61B
Nov 05, 2019	C$49.8B	C$50.35B	C$50.41B	C$-0.55B
Oct 04, 2019	C$50.58B	C$48.4B	C$49.66B	C$2.18B
Sep 04, 2019	C$49.76B	C$51B	C$50.22B	C$-1.24B
Aug 02, 2019	C$50.31B	C$51.5B	C$53B	C$-1.19B
Jul 03, 2019	C$53.11B	C$50.4B	C$50.75B	C$2.71B
Jun 06, 2019	C$50.7B	C$48B	C$50.05B	C$2.7B
May 09, 2019	C$49.05B	C$48B	C$47.54B	C$1.05B
Apr 17, 2019	C$47.97B	C$48B	C$48.62B	C$-0.03B
Mar 27, 2019	C$47.58B	C$46.1B	C$46.23B	C$1.48B
Mar 06, 2019	C$46.31B	C$50.4B	C$48.12B	C$-4.09B
Jan 08, 2019	C$48.33B	C$50.47B	C$49.77B	C$-2.14B
Dec 06, 2018	C$49.32B	C$50.47B	C$49.91B	C$-1.15B
Nov 02, 2018	C$50.38B	C$50.7B	C$50.45B	C$-0.32B
Oct 05, 2018	C$50.55B	C$51.3B	C$51.11B	C$-0.75B
Sep 05, 2018	C$51.27B	C$51B	C$50.86B	C$0.27B
Aug 03, 2018	C$50.7B	C$48.4B	C$48.7B	C$2.3B
Jul 06, 2018	C$48.34B	C$48.5B	C$48.4B	C$-0.16B
Jun 06, 2018	C$48.56B	C$45.9B	C$47.82B	C$2.66B
May 03, 2018	C$47.58B	C$45.9B	C$45.87B	C$1.68B
Apr 05, 2018	C$45.94B	C$45.9B	C$45.78B	C$0.04B
Mar 07, 2018	C$45.84B	C$47.1B	C$46.82B	C$-1.26B
Feb 06, 2018	C$46.51B	C$45B	C$46.25B	C$1.51B
Jan 05, 2018	C$46.21B	C$44.4B	C$44.54B	C$1.81B
Dec 05, 2017	C$44.46B		C$43.3B
Nov 03, 2017	C$43.56B	C$44.3B	C$43.69B	C$-0.74B
Oct 05, 2017	C$43.63B		C$44.05B
Sep 06, 2017	C$44.14B	C$46B	C$46.43B	C$-1.86B
Aug 04, 2017	C$46.51B	C$49B	C$48.62B	C$-2.49B
Jul 06, 2017	C$48.69B		C$48.05B
Jun 02, 2017	C$47.69B		C$46.83B
May 04, 2017	C$46.98B		C$45.25B
Apr 04, 2017	C$45.3B	C$46.7B	C$46.5B	C$-1.4B
Mar 07, 2017	C$46.5B	C$46.7B	C$46.2B	C$-0.2B
Feb 07, 2017	C$46.4B		C$46.1B
Jan 06, 2017	C$45.61B	C$44.5B	C$43.74B	C$1.11B
Dec 06, 2016	C$43.58B	C$44B	C$43.35B	C$-0.42B
Nov 04, 2016	C$43.55B	C$41.5B	C$43.5B	C$2.05B
Oct 05, 2016	C$43.41B	C$42.7B	C$43.14B	C$0.71B
Sep 02, 2016	C$42.7B	C$42.2B	C$41.28B	C$0.5B
Aug 05, 2016	C$41.39B	C$42.7B	C$41.15B	C$-1.31B
Jul 06, 2016	C$41.15B	C$41.7B	C$41.45B	C$-0.55B
Jun 03, 2016	C$41.81B	C$41.3B	C$41.18B	C$0.51B
May 04, 2016	C$40.99B	C$43.6B	C$43.05B	C$-2.61B
Apr 05, 2016	C$43.68B	C$46B	C$46.18B	C$-2.32B
Mar 04, 2016	C$46B	C$45.3B	C$45.53B	C$0.7B
Feb 05, 2016	C$45.35B	C$43.3B	C$43.64B	C$2.05B
Jan 06, 2016	C$43.25B		C$43.09B
Dec 04, 2015	C$42.98B		C$43.78B
Nov 04, 2015	C$44.51B		C$44.19B
Oct 06, 2015	C$43.95B		C$45.59B
Sep 03, 2015	C$45.46B		C$44.45B