INDICATORS OF CANADA

CANADA ECONOMIC INDICATORS

Fast facts of the Canadian economy
-Canada is currently the eighth economy in the world with a nominal GDP valued at 1.3 trillion dollars.
-Canada is an economy dependent on trade with the US, which imports about three-quarters of Canadian exports.
-The Canadian dollar has a very close relationship with gold and oil.
-Camp Canada (BoC) is responsible for monetary policy in Canada. The main objective of the BoC is price stability. Changes in monetary policy can be made at any time since people gather nearly every day.

Canada important economic indicators

Rate of interest
As in other countries, the announcement of the rates of interest to Canada is of utmost importance for its currency.
An increase in the interest rate typically increases demand by CAD doing that its value will increase. While a cut in the interest rate is reduced demand for CAD decreasing its value.
As the interest rate is one of the ads more expected and anticipated, operators and investors focus more on the language they used to collect evidence of future market conditions.
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Canada's International Merchandise Trade
This indicator measures the difference between exports and imports (excluding services). Canada business partner is US importing approximately 75% of its exports.
Typically, a good number CAD increases value
Typically, in a bad number CAD decreases value
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Gross Domestic Product (GDP)
The GDP of Canada measures the total production (and consumption) of goods and services produced within the boundaries of Canada.
A number usually makes the DAC to increase in value
A bad number usually decreases the CAD's value
GDP includes: consumption and private investment, expenditure Government and exports minus imports.
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Ivey Purchasing Managers Index (PMI)
175 executives throughout Canada are surveyed, and ask about the purchases that they have performed in comparison with the previous month.
In a good number, CAD tends to appreciate.
In a bad number, CAD tends to depreciate.
A PMI above 50 indicates expansion (good estimates), while a number below 50 indicates contraction (bad forecasts).
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Consumer Price Index (CPI)
As in other countries, the CPI measures the stability of prices of a basket of basic goods and services. It attempts to measure inflation in a given period. An increase in inflation reduces the purchasing power of the CAD while a decrease in inflation increases their purchasing power.
A good number tends to appreciate the value of CAD
A bad number tends to depreciate the value of the CAD
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Change in employment
The employment data are always a good measure of the health of the economy. This listing measures the change in the number of people employed within a period to another.
A good number have to have a positive effect on the CAD
Have a bad number to have a negative effect on the CAD
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