Important indicators may affect the CAD

Important indicators may affect the CAD

Canada will release CPI and trade balance data on April 17, at 15:30 MT time.

Consumer price index represents the change in the price of goods and services purchased by consumers. This is the most important inflation-related release. As for trade balance, it shows the difference in value between imported and exported goods. Last time CPI advanced by 0.7% (vs. expected 0.6%). At the same time, Canada's trade balance declined by $4.2 billion. If the actual figures are higher this time, the CAD will go up.

• If the actual levels of indicators are higher than the forecasts, the loonie will rise;

• If the actual levels of indicators are lower than the forecasts, the loonie will fall.

Check the economic calendar

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