An important release for the CAD

An important release for the CAD

Canada anticipates the release of its trade balance on July 3, at 15:30 MT time.

The indicator represents the difference in value between imported and exported goods during the month. Higher figures are better for the loonie. Last time the indicator turned out to be negative. However, it was better than the expectations (- 1.7 billion vs. -2.8 billion expected). As a result, the CAD rose. Let’s see what is going to happen this time.

• If the indicator is higher than the forecasts, the CAD will go up;

• If the indicator is lower than the forecasts, the CAD will go down.

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