International Merchandise Trade

The International Merchandise Trade released by Statistics Canada is the difference in the value (in Canadian dollar terms) of its imports and exports of Canadian goods excluding intangibles like services. Export data can give an important reflection of Canadian growth as tangible goods like oil, gold and manufacturing dominate a large part of Canada's GDP. If a steady demand in exchange for Canadian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD.

Most recent - Thursday 4 September 2025 12:30

Previous
$-5.86B
Revised
$-5.98B
Forecast
$-4.75B
Actual
$-4.94B

Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.

Trading range

Forecast history

The most recent announced value for International Merchandise Trade was $-4.94B against a forecast of $-4.75B.

Past events

Date
Forecast
Actual
Thursday 4 September 2025 12:30
$-4.75B
$-4.94B
Tuesday 5 August 2025 12:30
$-5.8B
$-5.86B
Thursday 3 July 2025 12:30
$-5.9B
$-5.9B
Thursday 5 June 2025 12:30
$-1.5B
$-7.14B
Tuesday 6 May 2025 12:30
$-1.7B
$-0.51B
Thursday 3 April 2025 12:30
$3.4B
$-1.52B
Thursday 6 March 2025 13:30
$1.3B
$3.97B
Wednesday 5 February 2025 13:30
$0.75B
$0.71B
Tuesday 7 January 2025 13:30
$-1B
$-0.32B
Thursday 5 December 2024 13:30
$-0.8B
$-0.92B
Tuesday 5 November 2024 13:30
$-0.8B
$-1.26B
Tuesday 8 October 2024 12:30
$-0.5B
$-1.1B
Wednesday 4 September 2024 12:30
$0.85B
$0.68B
Tuesday 6 August 2024 12:30
$-1.84B
$0.64B
Wednesday 3 July 2024 12:30
$-1.2B
$-1.93B
Thursday 6 June 2024 12:30
$-1.4B
$-1.05B
Thursday 2 May 2024 12:30
$1.5B
$-2.28B
Thursday 4 April 2024 12:30
$0.8B
$1.39B
Thursday 7 March 2024 13:30
$0.1B
$0.5B
Wednesday 7 February 2024 13:30
$1.1B
$-0.31B
Tuesday 9 January 2024 13:30
$2B
$1.57B
Wednesday 6 December 2023 13:30
$1.6B
$2.97B
Tuesday 7 November 2023 13:30
-
$2.04B
Thursday 5 October 2023 12:30
$-1.5B
$0.72B
Wednesday 6 September 2023 12:30
$-3.65B
$-0.99B
Tuesday 8 August 2023 12:30
$-2.9B
$-3.73B
Thursday 6 July 2023 12:30
$1.5B
$-3.44B
Wednesday 7 June 2023 12:30
$0.9B
$1.94B
Thursday 4 May 2023 12:30
$0.2B
$0.97B
Wednesday 5 April 2023 12:30
$1.8B
$0.42B
Wednesday 8 March 2023 13:30
$-0.06B
$1.92B
Tuesday 7 February 2023 13:30
$-1B
$-0.16B
Thursday 5 January 2023 13:30
$0.61B
$-0.04B
Tuesday 6 December 2022 13:30
$1B
$1.21B
Thursday 3 November 2022 12:30
$1.34B
$1.14B
Wednesday 5 October 2022 12:30
$3.5B
$1.52B

Economic context

Recent economic data has been strongly bearish for CAD. Other recent announcements which may affect the market's interpretation of the next International Merchandise Trade result:

PreviousLatest
Ivey Purchasing Managers IndexBearish change54.650
Ivey Purchasing Managers Index s.aBearish change55.850.1
Average Hourly Wages (YoY)Bullish change3.5%3.6%
Net Change in EmploymentBearish change-40.8K-65.5K
Unemployment RateBearish change6.9%7.1%
S&P Global Manufacturing PMIBullish change46.148.3

About International Merchandise Trade

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Capital Flows
Frequency:Monthly
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