Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada
Canadian Dollar, Monthly level, Quarterly, Seasonally Adjusted
ODCNPI03CAQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,316,614,666.67
Year-over-Year Change
19.35%
Date Range
1/1/1960 - 4/1/2018
Summary
This trend measures the monthly level of the Canadian dollar on a quarterly, seasonally adjusted basis. It is a key indicator of the Canadian currency's value and strength in international markets.
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, Monthly level, Quarterly, Seasonally Adjusted trend represents the exchange rate of the Canadian dollar against other major currencies. It is an important metric for economists, policymakers, and market participants to assess the competitiveness and trade dynamics of the Canadian economy.
Methodology
This data is collected and calculated by the U.S. Federal Reserve using official exchange rate information.
Historical Context
The Canadian dollar trend is closely monitored by the Bank of Canada and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Canadian dollar is the world's 6th most traded currency.
- Canada is the U.S.'s largest trading partner.
- The Canadian dollar has fluctuated between $0.69 and $0.85 USD over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the Canadian dollar on a quarterly, seasonally adjusted basis. It represents the exchange rate of the Canadian currency against other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar trend is a key indicator of the strength and competitiveness of the Canadian economy. It is closely watched by policymakers, investors, and economists to assess trade dynamics and inform economic decisions.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Federal Reserve using official exchange rate information.
Q: How is this trend used in economic policy?
A: The Canadian dollar trend is monitored by the Bank of Canada and other institutions to inform monetary and fiscal policy decisions that impact the country's international trade and competitiveness.
Q: Are there update delays or limitations?
A: The Canadian dollar trend data is updated on a monthly basis by the U.S. Federal Reserve with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Quarterly, Seasonally Adjusted (ODCNPI03CAQ189S), retrieved from FRED.