« Back
Bank of Canada Governor Highlights Permanent Canada-U.S. Trade Challenges and China's Unsustainable Trade Surplus
Bank of Canada Governor Macklem states that structural headwinds in Canada-U.S. trade are permanent due to fundamental fractures. He also warns that China's large trade surplus is unsustainable but not an urgent issue, noting China's successful diversification of trade towards Asia and Europe.
Date:
05.02.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.177920 | -0.22278% |
| GBPUSD | 1.352320 | -0.8534% |
| USDJPY | 156.898000 | +0.061224% |
| XAUUSD | 4780.675000 | -3.70192% |
| USDCAD | 1.370890 | +0.35284% |
| NZDUSD | 0.594690 | -0.91275% |
| USDCHF | 0.777600 | +0.057904% |
| AUDUSD | 0.693010 | -1.01675% |
| EURGBP | 0.870090 | +0.5737% |
| EURJPY | 184.820000 | -0.17446% |
| GBPJPY | 212.466000 | -0.75578% |
| AUDJPY | 108.743000 | -0.89677% |
| CADJPY | 114.523000 | -0.20565% |
| CHFJPY | 201.560000 | -0.12702% |
| NZDJPY | 93.405570 | -0.68943% |
| GBPCHF | 1.053180 | -0.70522% |
| EURCHF | 0.916450 | -0.085039% |
| USDMXN | 17.489000 | +1.03059% |
| USDZAR | 16.301850 | +1.3307% |
| USDTRY | 43.604800 | +0.24622% |
| USDRUB | 76.735000 | -0.006516% |
| USDSEK | 9.051300 | +0.84598% |
| USDCNY | 6.937300 | -0.053306% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 06.02.2026 | ||||
| 07:00 | 🇩🇪 | Balance of Trade (Dec) | 14 | 13.1 |
| 13:30 | 🇺🇸 | Non Farm Payrolls (Jan) | 40 | 50 |
| 13:30 | 🇨🇦 | Unemployment Rate (Jan) | 6.8 | 6.8 |
| 15:00 | 🇨🇦 | Ivey PMI s.a (Jan) | 51.5 | 51.9 |
| 15:00 | 🇺🇸 | Michigan Consumer Sentiment (Feb) | 53 | 56.4 |
| 09.02.2026 | ||||
| 23:30 | 🇦🇺 | Westpac Consumer Confidence Change (Feb) | -2 | -1.7 |
| 10.02.2026 | ||||
| 00:30 | 🇦🇺 | NAB Business Confidence (Jan) | 3 | 3 |
| 11.02.2026 | ||||
| 01:30 | Inflation Rate YoY (Jan) | 0.7 | 0.8 | |
| 13:30 | 🇺🇸 | Core Inflation Rate MoM (Jan) | 0.2 | 0.2 |
| 13:30 | 🇺🇸 | Core Inflation Rate YoY (Jan) | 2.5 | 2.6 |