Canada's May Trade Balance

Statistics Canada announced the Canada's May Trade Balance on 2025-07-03. The reported figure stands at -59billion Canadian dollars, against a forecast of -59billion Canadian dollars, with the prior figure recorded as -71.4billion Canadian dollars.

Regarding the Canada's May Trade Balance, Actual value > Forecast value = Bullish for Canadian Dollar, The trade balance refers to the difference between a country's total exports and total imports over a certain period. When exports exceed imports, it is called a "surplus" or "excess"; conversely, it is called a "deficit". Export demand is directly related to currency demand, as foreign customers need to purchase the exporting country's currency to settle transactions, and export demand also affects domestic manufacturing output and prices. If the balance is positive (surplus), it indicates an increase in the country's net foreign wealth or net foreign investment, enhancing the economy. If it is negative (deficit), it indicates a decrease in the country's net foreign wealth or investment, weakening the economy.

This data holds an importance level of , calculated using Report the changes in the value of imported and exported goods for the month, and updates monthly. The next release is set for 2025-08-05 20:30:00.

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