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Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save MM CAD Fundamental Index

MMFI for the Canadian Dollar is an integral index created by MacroMicro for Canadian dollar fundamentals. When it goes up, the fundamentals of CAD is looking good.

Canada is an immigration economy like Australia. Both of the countries are big exporters of raw materials, too. Canada exports crude oil, especially to the US, so the international oil price predominates Canadian dollar's movement. The Central Bank also has control over its currency.

*Upward movement suggests CAD appreciation in this chart.

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Latest Stats
  • MM CAD Fundamental Index
    2022 W21
    0.77
  • USD/CAD (Y-axis Inverted, R)
    2022-05-25
    1.28
Source
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD
Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save International Trade

The US is the major trade partner with Canada. Imports from the US account for 51.33% of Canada's overall imports; exports to the US account for 75.86% of Canada's overall exports. Main exports to the US are fuel, metal and minerals, forestry and vehicles, all accounting for 62.59% of overall exports and 19.4% of Canada's GDP. Fuel alone accounts for 18.76% of exports. So the US economy and international crude oil price lay impacts on Canada's trade.

As the number of immigrants surges, imports of household merchandise grows double. Strong demand for imports of fuel and household merch has led to a trade deficit since 2010.

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Latest Stats
  • Exports (SA, YoY, L)
    2022-03
    27.78%
  • Imports (SA, YoY, L)
    2022-03
    17.96%
  • Trade Balance (SA, R)
    2022-03
    2,485.70m
Source
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save CAD COT Index

CAD COT Index = Large Non-Commercial (speculator) Net Position - Large Commercial (hedger) Net Position

COT index represents the positioning of large traders, when it heads up, it means they are bullish about Canadian dollar.

*Updates every Friday ET

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Latest Stats
  • CAD OCT Index (L)
    2022 W20
    -27,087.00
  • USD/CAD (R, Y-axis Inverted)
    2022-05-25
    1.28
Source
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save Oil Price vs. USD/CAD

Exports of fuel account for 18.76% of overall Canadian exports. 99% of exports of fuel go to the US. Fuel has become Canada's main resources of cash. The oil price is highly associated with Canadian dollars with a correlation coefficient of 0.78.

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Latest Stats
  • USD/CAD (Y-axis, L)
    2022-05-25
    1.28
  • WTI Oil Futures Price (R)
    2022-05-25
    111.12
Source
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save Gold Price vs. USD/CAD

The mining sector is the driving force behind Canada's exports and economy. Exports of minerals reach nearly 88.6 billion C$, accounting for 18.9% of overall exports and 3% of net GDP.

5 top exports of minerals are gold (20.78%), iron and steel (14.51%), aluminum (12.05%), copper (6.89%) and other metals (6.79%). Although Canada is not a significant holder or producer among all countries, it has a correlation coefficient of 0.66.

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Latest Stats
  • USD/CAD (Y-axis, L)
    2022-05-25
    1.28
  • NYMEX Gold Futures Price (R)
    2022-05-25
    1,854.35
Source
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save Copper Price vs. USD/CAD

The mining sector is the driving force behind Canada's exports and economy. Exports of minerals reach nearly 88.6 billion C$, accounting for 18.9% of overall exports and 3% of net GDP.

5 top exports of minerals are gold (20.78%), iron and steel (14.51%), aluminum (12.05%), copper (6.89%) and other metals (6.79%). Copper price represents the global economic conditions and the fundamental demand across the world, so the currency of any exporter of natural resources has a positive correlation with copper and a correlation coefficient of 0.77.

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Latest Stats
  • USD/CAD (Y-axis, L)
    2022-05-25
    1.28
  • NYMEX Copper Futures Price (R)
    2022-05-25
    4.25
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save USA and Canada Bond Yield Spread

The US and Canada have close economic ties. Spread between their 10-year bond yield represents the movement of USD/CAD. Bond yield spread and Canadian dollars developed a correlation coefficient of 0.9 since 2010.

When a rate hike is expected in the US, spread widens. Funds flow into the USA and CAD will weaken. Vice versa.

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Latest Stats
  • USA & Canada 10-year Bond Yield Spread (L)
    0.00%
  • USD/CAD (R)
    2022-05-25
    1.28
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save WTI and WCS Oil Price Difference

West Texas Intermediate (WTI) light sweet crude oil futures price is the benchmark oil price with 39.6 API Gravity. Western Canadian Select (WCS) is lower quality sulfur-containing crude oil with 20.3 API Gravity.

The price difference between WTI and WCS is the indicator for whether or not the US refinery to increase crude imports from Canada. Spread narrows down when imports increase.

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Latest Stats
  • WTI and WCS Price Difference
    2022-05-24
    14.10
  • USD/CAD (Y-axis Invert, R)
    2022-05-25
    1.28
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Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save Crack Spread vs. USD/CAD

3 barrels of WTI crude oil produce 2 barrels of reformulated gasoline blend-stock for oxygen blending (RBOB) and 1 barrel of heating oil.
Crack spread = 2 * price of RBOB + price of HO - 3 * WTI futures price

Crack spread usually leads crude oil price by 1 month. Canadian dollar movement's connected with oil price movement, so crack spread serves as an indicator for short-term Canadian dollar movement, too.

Crack spread goes up when demand for gas or HO rises in the winter. Refinery buys more crude oil because price and market demand are high, which pushes international crude oil price up.

Crack spread, on the other hand, goes down when stocks of gas or heating oil build up in the summer. Demand for crude oil and international crude oil price fall accordingly.

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Latest Stats
  • Crack Spread (L)
    2022-05-25
    50.18
  • USD/CAD (Y-axis Invert, R)
    2022-05-25
    1.28
Feedback
Related ETF
Registered Country Commodity ETFs Price 1 Month YTD Expense ratio
Invesco CurrencyShares Canadian Dollar Trust $76.36 -0.62% -1.45% 0.40%
#Currency: CAD

Save Canada Population

Canada has the fourth highest population growth among all developed countries. The top 3 are Australia, New Zealand and Iceland. Quality living conditions and welcoming immigration policies have attracted a massive amount of immigrants. Immigrants account for nearly 22% of the total population in Canada and are the biggest component of the labor market.

According to OECD, Canada's population will continue growing. Consumption and demand for housing will continue growing, too, thanks to huge domestic demand.

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Latest Stats
  • 15 to 64 Years Old (%, L)
    2100
    56.38%
  • 15 Years Old and Under (%, L)
    2100
    14.60%
  • 65 Years Old and Above (%, L)
    2100
    29.02%
  • Canada Total Population (Thousands, R)
    2100
    56,953.22k
Source
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