Balance of Payments: Services: Expenditure for Canada
Canadian Dollar, Seasonally Adjusted
CANB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,966,930,000.00
Year-over-Year Change
28.76%
Date Range
1/1/1981 - 1/1/2025
Summary
The Canadian Dollar, Seasonally Adjusted series measures the exchange rate between the Canadian dollar and the U.S. dollar, adjusted for seasonal variations. This metric is crucial for understanding the relative strength of the Canadian economy and its international 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, Seasonally Adjusted series tracks the daily exchange rate between the Canadian dollar and the U.S. dollar, with seasonal factors removed. This data point is widely used by economists, policymakers, and investors to analyze Canada's economic performance, trade competitiveness, and currency valuation.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Canadian Dollar, Seasonally Adjusted trend is closely monitored by the Bank of Canada and other institutions to inform monetary and trade policies.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the United States' largest trading partner.
- The Canadian dollar's value is heavily influenced by commodity prices, especially oil.
FAQs
Q: What does this economic trend measure?
A: The Canadian Dollar, Seasonally Adjusted series measures the daily exchange rate between the Canadian dollar and the U.S. dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the relative strength of the Canadian economy and its international trade dynamics, as it provides insights into the competitiveness of Canadian goods and services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Canadian Dollar, Seasonally Adjusted trend is closely monitored by the Bank of Canada and other institutions to inform monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is updated daily and is subject to the timeliness of the underlying exchange rate information.
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Citation
U.S. Federal Reserve, Canadian Dollar, Seasonally Adjusted (CANB6DBSE01NCCUSAQ), retrieved from FRED.