Production: Industry: Total Industry Excluding Construction for Canada
Canadian Dollar, Monthly level, Quarterly, Not Seasonally Adjusted
PRINTO01CAQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,290,000,000.00
Year-over-Year Change
10.07%
Date Range
1/1/1961 - 7/1/2023
Summary
This economic trend measures the monthly level of the Canadian dollar on a quarterly, not seasonally adjusted basis. It is a key indicator of 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 is the official currency of Canada and a major global reserve currency. This trend provides a detailed record of the Canadian dollar's exchange rate against other major currencies, offering insights into Canada's international trade and economic performance.
Methodology
The data is collected by the U.S. Federal Reserve through regular monitoring of currency exchange markets.
Historical Context
Policymakers and market analysts closely track the Canadian dollar's movements to assess the country's competitiveness and make informed decisions.
Key Facts
- The Canadian dollar is the world's 6th most traded currency.
- Canada is the United States' 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, not seasonally adjusted basis, providing insights into the strength and purchasing power of the Canadian currency.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar's exchange rate is a key indicator of Canada's international trade and economic performance, making it crucial for policymakers, investors, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular monitoring of currency exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely track the Canadian dollar's movements to assess the country's competitiveness and make informed decisions about trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is updated on a quarterly basis, with a slight delay due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Quarterly, Not Seasonally Adjusted (PRINTO01CAQ189N), retrieved from FRED.