Balance of Payments: Services: Expenditure for Canada
Canadian Dollar, Not Seasonally Adjusted
CANB6DBSE01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,170,000,000.00
Year-over-Year Change
29.56%
Date Range
1/1/1981 - 10/1/2024
Summary
This economic trend measures the value of the Canadian dollar against the U.S. dollar on a not seasonally adjusted basis. It is a key indicator of Canada's economic performance and trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Canadian dollar/U.S. dollar exchange rate is a widely tracked metric that reflects the relative strength of the Canadian economy. This not seasonally adjusted series provides a raw, unsmoothed view of the dollar's fluctuations, which is useful for analyzing short-term trends and market conditions.
Methodology
The data is collected by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian dollar exchange rate is closely monitored by policymakers, investors, and analysts to assess Canada's international competitiveness and trade outlook.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the United States' largest trading partner.
- Exchange rates impact the cost of imports and exports for both countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the Canadian dollar relative to the U.S. dollar on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a key indicator of Canada's economic performance and international trade dynamics, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by policymakers to assess Canada's international competitiveness and trade outlook, which informs economic and trade policies.
Q: Are there update delays or limitations?
A: The data is provided on a real-time basis with no significant update delays.
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Citation
U.S. Federal Reserve, Canadian Dollar, Not Seasonally Adjusted (CANB6DBSE01NCCUQ), retrieved from FRED.