The Statistics Canada released the Canadian Trade Balance data, which came lower-than-expected. The index was negative 1.2B compared with forecast negative 0.7B.
The Statistics Canada says, "Exports of energy products fell 12.4% to $8.8 billion in October. Exports of crude oil (-16.2%) drove the decrease, offsetting most of the earlier gains in 2018. Crude oil export prices were down 15.4%, the strongest monthly decrease since February 2016,".
Watch The Live Cover: Click Here
| Historical Data Table: Trade Balance | Economic Calendar for 07.12.2018 | ||||||||
| Date | 05.04.2018 | 03.05.2018 | 06.06.2018 | 05.09.2018 | 06.12.2018 | 13:30 PM | CAD Employment Change | ||
| Actual | -2.7B | -4.1B | -1.9B | -0.1B | -1.2B | 13:30 PM | US Average Hourly Earnings m/m |
||
| Forecast | -2.1B | -2.3B | -3.4B | -1.1B | -0.7B | 13:30 PM | US Non-Farm Employment Change | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 06.12.2018 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.96726 | 0.96734 | 0.01% | AUD/CAD | 66.06% | 33.94% | |||
| CAD/CHF | 0.74176 | 0.74173 | 0.00% | CAD/CHF | 68.89% | 31.11% | |||
| EUR/CAD | 1.52355 | 1.52387 | 0.02% | EUR/CAD | 30.88% | 69.12% | |||
| USD/CAD | 1.34076 | 1.34101 | 0.02% | USD/CAD | 34.03% | 65.97% | |||