International Merchandise Trade

The International Merchandise Trade released by Statistics Canada is the difference in the value (in Canadian dollar terms) of its imports and exports of Canadian goods excluding intangibles like services. Export data can give an important reflection of Canadian growth as tangible goods like oil, gold and manufacturing dominate a large part of Canada's GDP. If a steady demand in exchange for Canadian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD.