Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada
Canadian Dollar, Monthly level, Quarterly, Not Seasonally Adjusted
ODCNPI03CAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,258,663,666.67
Year-over-Year Change
24.23%
Date Range
1/1/1960 - 4/1/2018
Summary
This economic trend measures the monthly level of the Canadian dollar on a quarterly, non-seasonally adjusted basis. It is a key indicator of the value of the Canadian currency relative to other global currencies, which is crucial for international trade, investments, and economic policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Canadian dollar is the official currency of Canada and one of the world's major reserve currencies. This particular series tracks the monthly level of the Canadian dollar on a quarterly, non-seasonally adjusted basis, providing insight into the currency's fluctuations over time. It is an important metric for analyzing Canada's economic performance, trade flows, and the impact of exchange rate movements.
Methodology
The data for this trend is collected and calculated by the U.S. Federal Reserve.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the competitiveness of the Canadian economy and inform decisions related to international trade, investments, and monetary policy.
Key Facts
- The Canadian dollar is the world's 6th most traded currency.
- Canada is the United States' largest trading partner.
- The Canadian dollar is a key determinant of the country's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the Canadian dollar on a quarterly, non-seasonally adjusted basis, providing insight into the value of the Canadian currency relative to other global currencies.
Q: Why is this trend relevant for users or analysts?
A: The Canadian dollar is a crucial indicator for analyzing Canada's economic performance, trade flows, and the impact of exchange rate movements, which is essential for international trade, investments, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the competitiveness of the Canadian economy and inform decisions related to international trade, investments, and monetary policy.
Q: Are there update delays or limitations?
A: The Canadian dollar data is published on a monthly basis, with a quarterly, non-seasonally adjusted frequency, which may result in some time lags between the current economic conditions and the available data.
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Citation
U.S. Federal Reserve, Canadian Dollar, Monthly level, Quarterly, Not Seasonally Adjusted (ODCNPI03CAQ156N), retrieved from FRED.