The Statistics Canada released CAD CPI data that came out lower-than-expected of negative 0.4% compared with forecasted The Statistics Canada released the Canadian Trade Balance data, which came lower-than-expected. The index was negative 4.2B compared with forecast negative 3.5B.
Statistics Canada reported on Wednesday: "Canada's exports were up 2.9% in January, mainly on the strength of higher crude oil export prices. Imports rose 1.5%, led by higher aircraft imports, as a result, Canada's merchandise trade deficit with the world narrowed from $4.8 billion in December to $4.2 billion in January."
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| Historical Data Table: Trade Balance | Economic Calendar for 28.03.2019 | ||||||||
| Date | 06.06.2018 | 05.09.2018 | 06.12.2018 | 06.03.2019 | 27.03.2019 | 12:00 AM | NZD ANZ Business Confidence | ||
| Actual | -1.9B | -0.1B | -1.2B | -4.6B | -4.2B | 12:30 PM | US Final GDP q/q | ||
| Forecast | -3.4B | -1.1B | -0.7B | -2.4B | -3.5B | 20:00 PM | NZD RBNZ Gov Orr Speaks | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 27.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.70859 | 0.70848 | -0.02% | AUD/CAD | 71.18% | 28.82% | |||
| CAD/CHF | 0.741 | 0.74067 | -0.04% | CAD/CHF | 74.71% | 25.29% | |||
| EUR/CAD | 1.51217 | 1.5129 | 0.05% | EUR/CAD | 40.20% | 59.80% | |||
| USD/CAD | 1.34147 | 1.3424 | 0.07% | USD/CAD | 37.47% | 62.53% | |||