Sales: Retail Trade: Total Retail Trade: Value for Canada
Canadian Dollar, Monthly, Not Seasonally Adjusted
CANSLRTTO02MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,315,551,000.00
Year-over-Year Change
7.00%
Date Range
1/1/1960 - 12/1/2022
Summary
This economic trend measures the monthly exchange rate between the Canadian dollar and the U.S. dollar, providing insights into the relative strength and purchasing power of the Canadian currency.
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 key indicator of Canada's economic performance and international trade competitiveness. Analysts and policymakers monitor this trend to assess the country's export potential, import costs, and impact on the domestic economy.
Methodology
The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Historical Context
The Canadian dollar exchange rate is closely watched by the Bank of Canada and other institutions to inform monetary and trade policies.
Key Facts
- Canada is the United States' largest trading partner.
- The Canadian dollar is the 5th most traded currency globally.
- The exchange rate impacts the prices of imports and exports between the two countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate between the Canadian dollar and the U.S. dollar, providing insights into the relative strength and purchasing power of the Canadian currency.
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 competitiveness, closely watched by analysts, policymakers, and institutions to inform decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Q: How is this trend used in economic policy?
A: The Canadian dollar exchange rate is closely monitored by the Bank of Canada and other institutions to inform monetary and trade policies, as it impacts the country's export potential, import costs, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is provided on a monthly basis, with a potential for short delays in the release of the latest figures.
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Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Canada
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Private Credit by Deposit Money Banks to GDP for Canada
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly, Not Seasonally Adjusted (CANSLRTTO02MLM), retrieved from FRED.