Balance of Payments: Goods: Expenditure for Canada
Canadian Dollar, Not Seasonally Adjusted
CANB6DBTD01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,641,000,000.00
Year-over-Year Change
18.14%
Date Range
1/1/1981 - 10/1/2024
Summary
This economic trend measures the exchange rate between the Canadian dollar and the U.S. dollar on a not seasonally adjusted basis. It is a key indicator of the relative strength of the Canadian economy.
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 to U.S. dollar exchange rate is a widely followed economic indicator that reflects the relative purchasing power and economic performance of the two countries. Economists and policymakers use this exchange rate data to assess trade dynamics, capital flows, and the overall competitiveness of the Canadian economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The Canadian dollar exchange rate is closely monitored by the Bank of Canada and influences decisions around monetary policy and trade agreements.
Key Facts
- The Canadian dollar is the 5th most traded currency globally.
- Canada is the United States' largest trading partner.
- Exchange rate fluctuations impact the competitiveness of Canadian exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Canadian dollar to U.S. dollar exchange rate on a not seasonally adjusted basis, providing insight into the relative strength of the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar exchange rate is a critical indicator for economists, policymakers, and market participants to assess trade dynamics, capital flows, and the overall competitiveness of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by the Bank of Canada and influences decisions around monetary policy and trade agreements.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delay, providing timely insights into the Canadian dollar's performance.
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Citation
U.S. Federal Reserve, Canadian Dollar, Not Seasonally Adjusted (CANB6DBTD01NCCUQ), retrieved from FRED.