- Canada’s current account balance turned positive in the first quarter.
- USD / CAD continues to trade in a tight range below 1.2100.
Canada posted a current account surplus of C $ 1.18 billion in the first quarter of 2021 after posting a current account deficit of C $ 5.27 billion (revised from C $ 7.26 billion) in the fourth quarter of 2020.
Other data from Canada revealed on Monday that during April the price index for raw materials and the price index for industrial products increased 1% and 1.6%, respectively.
The par USD / CAD It did not show an immediate reaction to this data and it kept trading around 1.2070.
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