Canada's international trade figures for October disappoint expectations. The trade deficit stands at -0.580 billion CAD, deeper than the expected (-1.50 billion). Previous data showed a slight rebound (0.15 billion), revised upward to 0.24 billion, but October marks a reversal. This contraction in trade flow reflects ongoing trade tensions and weak external demand, factors that weigh on the currency and influence asset allocation strategies in the markets.
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ChainSherlockGirl
· 01-11 13:03
Ha, Canada's October trade data is so weak, it looks like it will surprise everyone.
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It's another plot twist; we were just talking about a recovery, but October slapped us in the face.
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From my analysis, this huge deficit spike is mostly due to truly weak external demand. CAD might be hammered this month.
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By the way, the wallets of big players should have already sensed this. Interestingly, will on-chain data give early warnings?
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Is it the pressure from the trade war or truly no demand left? Anyway, the crypto prices will have a hard time following.
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Risk warning: This is purely my personal speculation, don't blame me for random analysis.
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The Canadian dollar is going to cool off, which will have a significant impact on asset allocation strategies.
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ImpermanentPhilosopher
· 01-10 05:35
Canada's October trade data is once again disappointing; this deficit strategy is really outrageous...
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BasementAlchemist
· 01-09 08:12
The Canadian dollar is underperforming again... Looking at October's trade data, it's obvious something's wrong. The deficit is still widening, and I really can't hold it together.
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RugpullTherapist
· 01-08 14:04
The Canadian dollar is acting up again, with such poor October data... Always talking about deficits, relying on earlier data to keep things from looking too bad.
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WalletWhisperer
· 01-08 13:51
ngl the -0.580 spread is telling... whale clusters already priced this in weeks ago, pattern recognition never lies fr
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BugBountyHunter
· 01-08 13:42
The Canadian dollar is getting beaten again... This trade data is really terrible, October's numbers completely tanked.
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BlockchainBouncer
· 01-08 13:40
Canada's October trade data is once again disappointing, with the deficit worse than expected... At times like this, I think that the traditional financial sector's delayed data disclosure system is less transparent than real-time on-chain settlements. When commodity trade collapses, it ultimately depends on how the central bank will intervene to stabilize the market.
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HappyToBeDumped
· 01-08 13:37
The Canadian dollar is about to plunge again, this is going to be interesting... As soon as October trade data was released, it slapped in the face. I thought there was some improvement before? But then it turned out to be -0.58B, hilarious, worse than expected.
Canada's international trade figures for October disappoint expectations. The trade deficit stands at -0.580 billion CAD, deeper than the expected (-1.50 billion). Previous data showed a slight rebound (0.15 billion), revised upward to 0.24 billion, but October marks a reversal. This contraction in trade flow reflects ongoing trade tensions and weak external demand, factors that weigh on the currency and influence asset allocation strategies in the markets.