Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Canada
Canadian Dollar
CANB6FATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11,626,000,000.00
Year-over-Year Change
-595.57%
Date Range
1/1/1981 - 4/1/2024
Summary
The Canadian Dollar exchange rate measures the value of the Canadian dollar relative to the U.S. dollar. It is a key economic indicator that reflects Canada's trade balance and economic health.
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 exchange rate is a vital measure of Canada's international competitiveness and the strength of its economy. Economists and policymakers monitor this trend to assess the country's export potential, inflation, and overall macroeconomic performance.
Methodology
The data is collected and reported by the Bank of Canada based on market exchange rates.
Historical Context
The Canadian Dollar exchange rate is closely watched by global financial markets and policymakers to gauge Canada's economic outlook.
Key Facts
- Canada is the largest trading partner of the United States.
- The Canadian dollar is the 5th most traded currency globally.
- Exchange rate fluctuations impact Canadian exports and imports.
FAQs
Q: What does this economic trend measure?
A: The Canadian Dollar exchange rate measures the value of the Canadian dollar relative to the U.S. dollar. It reflects the supply and demand for the Canadian currency in global foreign exchange markets.
Q: Why is this trend relevant for users or analysts?
A: The Canadian Dollar exchange rate is a crucial indicator of Canada's international competitiveness and economic health. It impacts the country's trade balance, inflation, and investment flows.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Canada based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Canadian Dollar exchange rate to assess the country's export potential, inflationary pressures, and overall macroeconomic performance, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Canadian Dollar exchange rate data is published daily without significant delays, providing timely information to markets and policymakers.
Related Trends
Outstanding International Private Debt Securities to GDP for Canada
DDDM05CAA156NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Canada
LRAC24TTCAM156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada
CANCP030000GYQ
Number of Listed Companies for Canada
DDOM01CAA644NWDB
Nominal Exports of Goods for Canada
NXGSAXDCCAQ
Production: Manufacturing: Total Manufacturing for Canada
PRMNTO01CAQ189S
Citation
U.S. Federal Reserve, Canadian Dollar (CANB6FATT01NCCUQ), retrieved from FRED.