New data Balance of Trade (Dec)
2/5/2025
actual 0.71, previous -0.99
The event is the Balance of Trade report for Canada in December. The actual balance of trade for this period is 0.71 billion CAD. This figure represents the difference between the value of Canadian exports and imports during the month.The previous balance of trade was -0.99 billion CAD, indicating an improvement in the trade balance compared to the previous period. The market had anticipated a balance of trade of 0.75 billion CAD, but the actual figure came in slightly lower.
Given the high impact level of this event, the release of the Balance of Trade report is likely to have a significant effect on the Canadian dollar (CAD) and related financial markets. Traders and investors will closely analyze the data to assess the health of Canada's trade sector and its potential impact on the economy.
This is not investment advice. Remember to verify the information provided here.
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