Canadian November trade balance report 6 Jan
- CAD -1.02bln prev revised up from -1.13bln
- exports CAD 45.61bln vs 43.58bln prev , up 4.3%
- imports CAD 45.09bln vs 44.77bln prev, up +0.7%
First surplus since Sept 2014 with exports surging and imports posting a modest gain.
The trade balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
USDCAD currently down sharply at 1.3204 but all eyes on US and Canadian jobs/wages data. Impressive trade data nonetheless to go with the better jobs report.
Large option expiries at 1.3300 today to keep in mind but currently not in play unless we see a surge higher again.
