Open Demo Account
Home / Market Update / Forex Market / Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

Canada: Q1 Current Account rises to C$5B versus C$3.2B expected

Adel 30 May, 2022 5:02 pm Forex Market, Market Update

Canada’s Current Account for Q1 rose to C$5.0B from -C$0.1B in Q4 2021, bigger than the expected jump to C$3.2B, data released by Statistics Canada on Monday revealed. Positive moves in global commodity markets helped boost Canadian exports last quarter, and will likely do the same in Q2. 

Tags

Check Also

Crude Rises as Peace Talks Collapse and Macron’s Warning Rekindles Geopolitical Risk

Oil prices climbed on Friday, lifted by geopolitical shocks that overshadowed otherwise bearish supply signals. …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends