Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Balance of Trade climbed to 2.72B in April 2026
FMPMonthlyReleased June 2026
Canada Balance of Trade climbed to 2.72B in April 2026, released June 2026, up 0.97B from March's 1.75B reading. The reading matched the 2.6B consensus. Balance of Trade has now risen for 3 consecutive months. Over the past 3 months, Balance of Trade averaged -2.54B, vs -0.58B in the prior 3-month window. Balance of Trade is now the highest in 14 months.
Latest Release
2.72
Actual
2.6
Consensus
1.75
Previous
Median Absolute Error
±2.21 billion
across last 12 releases
Last Call
Jun 2026
Predicted: 1.05
Actual: 2.72
Error: -1.67
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.88 | FOREX | Bearish USD | → View |
| EUR/USD | ▲ Direct | +0.63 | FOREX | Bullish EUR | → View |
| XAU/USD | ▲ Direct | +0.49 | COMMODITIES | Bullish XAU | → View |
| AUD/CAD | ▲ Direct | +0.31 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Balance of Trade (Canada) was reported at 2.72 billion in June 2026. This beat the market consensus of 2.60 billion by 0.12 billion. The reading rose from the previous value of 1.75 billion. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -2.84 billion, ranging from -6.32 billion to 2.72 billion across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged -2.22 billion, down from the prior three at -0.58 billion. Volatility over the past year (σ 3.02 billion) is higher than the prior year (σ 2.45 billion). In June readings over the past 3 years, Balance of Trade has averaged -1.82 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bearish USD). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.21 billion.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
SHARE
Balance of Trade - CA
Loading chart data...
About Balance of Trade — Canada
DEFINITION
The Balance of Trade is a financial indicator that measures the difference between a country's exports and imports of goods and services. It is an important measure of a country's economic health and can indicate whether a country is running a trade surplus or deficit. A positive balance of trade indicates that a country is exporting more than it is importing, while a negative balance of trade suggests the opposite. This indicator is closely monitored by economists and policymakers as it can impact a country's currency value, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 2.72 M, consensus 2.6 M. Prior reading (Mar 2026): 1.78 M. Before that (Feb 2026): -5.74 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CAD (Bearish USD, r=-0.88) — a useful reference for forex-focused traders.