Current Account. Canada, 14:30 (GMT+2)

Q2 Current Account release is expected at 14:30 (GMT+2) in Canada. It is forecasted that over the reporting period the balance deficit will decrease to –15.2 billion dollars from –19.5 billion in the previous quarter. The indicator is characterized by the ratio between the amount of payments received from abroad and the amount of payments going abroad. The balance of payments is positive if the amount of payments received exceeds the amount of payments that have gone abroad. If the amount of payments received is less than the amount paid, then the balance of payments is negative. A strong result strengthens CAD, as the negative weakens it.

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