Canada Imports

Info

History

Chart

Impact:

Low

Latest Release:

Big Surprise:

CAD2.63B

Actual:

C$71.63B

Forecast: C$69B

Previous/Revision:

C$71.08B

Period: Apr 2025

Next Release:

Forecast: C$70B

Period: May 2025

What Does It Measure?

Canada Imports measures the total value of goods and services purchased by Canada from other countries. This national indicator focuses on various components like machinery, energy products, automotive imports, and consumer goods, offering a glimpse into domestic demand and the competitive landscape relative to domestic production.

Frequency

The report on Canada Imports is released monthly and is often published during the first week of the month covering data from two months prior.

Why Do Traders Care?

Traders monitor Canada Imports to gauge the strength of domestic consumer and business demand, which affects the Canadian dollar (CAD) and can influence monetary policy decisions. A higher-than-expected import level might contribute to a negative trade balance, which is bearish for the CAD, while lower imports can sometimes indicate weak domestic demand, affecting equities and economic projections.

What Is It Derived From?

The Canada Imports data is compiled based on customs documentation and surveys completed by importers and brokers across various entry points. This data is aggregated to account for both the volume of goods and their respective unit values, enabling the calculation of total import values.

Description

The Canada Imports report provides comprehensive insights into the composition and trends of Canada’s trade activities, essential for understanding economic relationships and dependencies between Canada and its trading partners. Preliminary data is available each month and may be subject to revisions as more complete information becomes available, similar to how other trade-related data is treated globally. Given its monthly nature, this report typically employs month-over-month (MoM) comparison to track short-term shifts in import trends, capturing any sudden changes in the economic landscape.

Additional Notes

Canadian Import data is considered a leading economic indicator as it helps forecast Canadian economic health by indicating the level of consumer confidence and industrial demand. Seldom isolated, it is often viewed alongside export data to fully assess the trade balance, and similar import figures from key partners like the United States offer broader economic context.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bearish for CAD, Bearish for Stocks. Lower than expected: Bullish for CAD, Bullish 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$71.63B	C$69B	C$71.08B	C$2.63B
Mar 06, 2025	C$70.49B	C$69B	C$68.93B	C$1.49B
Feb 05, 2025	C$68.76B	C$64.5B	C$67.18B	C$4.26B
Jan 07, 2025	C$66.43B	C$65.5B	C$65.23B	C$0.93B
Dec 05, 2024	C$65.14B	C$65B	C$64.82B	C$0.14B
Nov 05, 2024	C$65.15B	C$65.3B	C$65.43B	C$-0.15B
Oct 08, 2024	C$65.41B	C$63.5B	C$65.22B	C$1.91B
Sep 04, 2024	C$64.97B	C$65.7B	C$66.1B	C$-0.73B
Aug 06, 2024	C$66.01B	C$65B	C$64.8B	C$1.01B
Jul 03, 2024	C$64.37B	C$65B	C$65.43B	C$-0.63B
Jun 06, 2024	C$65.5B	C$63.1B	C$64.8B	C$2.4B
May 02, 2024	C$64.84B	C$64.9B	C$65.62B	C$-0.06B
Apr 04, 2024	C$65.23B	C$61B	C$62.37B	C$4.23B
Mar 07, 2024	C$61.79B	C$65.7B	C$64.24B	C$-3.91B
Feb 07, 2024	C$64.39B	C$64.3B	C$64.27B	C$0.09B
Jan 09, 2024	C$64.17B	C$63.1B	C$62.97B	C$1.07B
Dec 06, 2023	C$63.01B	C$65B	C$64.81B	C$-1.99B
Nov 07, 2023	C$64.99B	C$64.1B	C$64.33B	C$0.89B
Oct 05, 2023	C$63.84B	C$62.7B	C$61.5B	C$1.14B
Sep 06, 2023	C$61.4B	C$61.5B	C$64.89B	C$-0.1B
Aug 08, 2023	C$64.43B	C$64.3B	C$64.73B	C$0.13B
Jul 06, 2023	C$64.97B	C$63.8B	C$63.07B	C$1.17B
Jun 07, 2023	C$62.91B	C$62.4B	C$63.01B	C$0.51B
May 04, 2023	C$62.59B	C$64.2B	C$64.61B	C$-1.61B
Apr 05, 2023	C$64.61B	C$63.2B	C$65.45B	C$1.41B
Mar 08, 2023	C$65.1B	C$64.8B	C$63.13B	C$0.3B
Feb 07, 2023	C$63.13B	C$64.2B	C$63.97B	C$-1.07B
Jan 05, 2023	C$64.41B	C$66B	C$65.76B	C$-1.59B
Dec 06, 2022	C$65.82B	C$62B	C$65.44B	C$3.82B
Nov 03, 2022	C$65.23B	C$62B	C$64.94B	C$3.23B
Oct 05, 2022	C$63.86B	C$64B	C$64.97B	C$-0.14B
Sep 07, 2022	C$64.2B	C$64.3B	C$65.35B	C$-0.1B
Aug 04, 2022	C$64.86B	C$63B	C$63.79B	C$1.86B
Jul 07, 2022	C$63.11B	C$62.4B	C$63.54B	C$0.71B
Jun 07, 2022	C$62.81B	C$58.3B	C$61.67B	C$4.51B
May 04, 2022	C$61.14B	C$58.11B	C$56.76B	C$3.03B
Apr 05, 2022	C$56.08B	C$54.68B	C$54B	C$1.4B
Mar 08, 2022	C$54B	C$57B	C$58.3B	C$-3B
Feb 08, 2022	C$57.75B	C$54B	C$55.68B	C$3.75B
Jan 06, 2022	C$55.44B	C$53.3B	C$54.16B	C$2.14B
Dec 07, 2021	C$54.09B	C$51B	C$51.39B	C$3.09B
Nov 04, 2021	C$51.14B	C$53B	C$52.75B	C$-1.86B
Oct 05, 2021	C$52.51B		C$53.28B
Sep 02, 2021	C$52.97B		C$50.85B
Aug 05, 2021	C$50.53B		C$51.02B
Jul 02, 2021	C$50.92B		C$49.87B
Jun 08, 2021	C$49.61B		C$52.05B
May 04, 2021	C$51.76B		C$49.07B
Apr 07, 2021	C$48.82B		C$50.02B
Mar 05, 2021	C$49.78B		C$49.35B
Feb 05, 2021	C$48.98B		C$50.16B
Jan 07, 2021	C$50.1B		C$50.23B
Dec 04, 2020	C$50.23B	C$49.5B	C$49.3B	C$0.73B
Nov 04, 2020	C$48.79B	C$47.9B	C$48.08B	C$0.89B
Oct 06, 2020	C$47.38B	C$50B	C$47.93B	C$-2.62B
Sep 03, 2020	C$47.88B	C$43.3B	C$42.49B	C$4.58B
Aug 05, 2020	C$42.9B	C$41.3B	C$35.23B	C$1.6B
Jul 02, 2020	C$35.29B	C$38.1B	C$36.71B	C$-2.81B
Jun 04, 2020	C$35.91B	C$41.37B	C$47.96B	C$-5.46B
May 05, 2020	C$47.67B	C$45.8B	C$49.42B	C$1.87B
Apr 02, 2020	C$49.32B	C$49B	C$49.74B	C$0.32B
Mar 06, 2020	C$49.61B	C$50B	C$49.85B	C$-0.39B
Feb 05, 2020	C$49.69B	C$50.3B	C$49.57B	C$-0.61B
Jan 07, 2020	C$49.78B	C$51.02B	C$51B	C$-1.24B
Dec 05, 2019	C$50.99B	C$50.35B	C$50.8B	C$0.64B
Nov 05, 2019	C$50.8B	C$50.98B	C$51.65B	C$-0.18B
Oct 04, 2019	C$51.54B	C$49.2B	C$51.05B	C$2.34B
Sep 04, 2019	C$50.89B	C$51.8B	C$50.28B	C$-0.91B
Aug 02, 2019	C$50.17B	C$51.8B	C$52.43B	C$-1.63B
Jul 03, 2019	C$52.34B	C$52.1B	C$51.84B	C$0.24B
Jun 06, 2019	C$51.67B	C$51B	C$52.38B	C$0.67B
May 09, 2019	C$52.26B	C$51.5B	C$50.96B	C$0.76B
Apr 17, 2019	C$50.87B	C$51.5B	C$51.71B	C$-0.63B
Mar 27, 2019	C$51.82B	C$50.51B	C$51.05B	C$1.31B
Mar 06, 2019	C$50.9B	C$52.1B	C$50.1B	C$-1.2B
Jan 08, 2019	C$50.39B	C$51.1B	C$50.62B	C$-0.71B
Dec 06, 2018	C$50.49B	C$51.1B	C$50.8B	C$-0.61B
Nov 02, 2018	C$50.79B	C$50.3B	C$51B	C$0.49B
Oct 05, 2018	C$50.02B	C$51.5B	C$51.3B	C$-1.48B
Sep 05, 2018	C$51.38B	C$51.5B	C$51.6B	C$-0.12B
Aug 03, 2018	C$51.32B	C$51.3B	C$51.43B	C$0.02B
Jul 06, 2018	C$51.12B	C$50.5B	C$50.26B	C$0.62B
Jun 06, 2018	C$50.47B	C$48B	C$51.75B	C$2.47B
May 03, 2018	C$51.72B	C$48B	C$48.8B	C$3.72B
Apr 05, 2018	C$48.63B	C$47.9B	C$47.72B	C$0.73B
Mar 07, 2018	C$47.75B	C$49.6B	C$49.87B	C$-1.85B
Feb 06, 2018	C$49.7B	C$46.9B	C$48.96B	C$2.8B
Jan 05, 2018	C$48.75B	C$46B	C$46.09B	C$2.75B
Dec 05, 2017	C$45.93B		C$46.67B
Nov 03, 2017	C$46.74B	C$46.9B	C$46.87B	C$-0.16B
Oct 05, 2017	C$47.04B		C$47.03B
Sep 06, 2017	C$47.18B	C$50B	C$50.2B	C$-2.82B
Aug 04, 2017	C$50.12B	C$50B	C$49.98B	C$0.12B
Jul 06, 2017	C$49.77B		C$48.6B
Jun 02, 2017	C$48.06B		C$47.76B
May 04, 2017	C$47.11B		C$46.33B
Apr 04, 2017	C$46.3B	C$46B	C$46B	C$0.3B
Mar 07, 2017	C$45.6B	C$45.95B	C$45.8B	C$-0.35B
Feb 07, 2017	C$45.5B		C$45.1B
Jan 06, 2017	C$45.09B	C$46B	C$44.76B	C$-0.91B
Dec 06, 2016	C$44.71B	C$47B	C$47.73B	C$-2.29B
Nov 04, 2016	C$47.63B	C$45.2B	C$45.5B	C$2.43B
Oct 05, 2016	C$45.35B	C$45.2B	C$45.33B	C$0.15B
Sep 02, 2016	C$45.19B	C$45.4B	C$45.25B	C$-0.21B
Aug 05, 2016	C$45.02B	C$45.6B	C$44.66B	C$-0.58B
Jul 06, 2016	C$44.42B	C$44.4B	C$44.77B	C$0.02B
Jun 03, 2016	C$44.75B	C$44.2B	C$44.35B	C$0.55B
May 04, 2016	C$44.4B	C$45.2B	C$45.52B	C$-0.8B
Apr 05, 2016	C$45.58B	C$46.8B	C$46.81B	C$-1.22B
Mar 04, 2016	C$46.65B	C$45.8B	C$46.16B	C$0.85B
Feb 05, 2016	C$45.94B	C$45.6B	C$45.23B	C$0.34B
Jan 06, 2016	C$45.24B		C$45.74B
Dec 04, 2015	C$45.74B		C$46.11B
Nov 04, 2015	C$46.24B		C$46.85B
Oct 06, 2015	C$46.49B		C$46.41B
Sep 03, 2015	C$46.05B		C$45.26B