Monthly International Trade in Services Nowcasts

Monthly nowcasts of Canada's international trade in services statistics, produced by Statistics Canada. Data is generated using an autoregressive integrated moving average (ARIMA) model and a monthly indicator series to project and disaggregate quarterly totals.

Use Cases

• Analyze monthly trends in international trade in services using the ARIMA model projections
• Benchmark the monthly indicator series against final quarterly actuals for forecast accuracy assessment
• Study the adjustments made to trade in services data as new monthly information becomes available

Strengths

• Data is updated monthly, providing frequent revisions
• Produced by Statistics Canada, the national statistical office
• Methodology uses an ARIMA model for quarterly projection

Limitations

• Data is a nowcast/projection, not final actual figures
• Specific column names, row counts, and temporal coverage are unknown
• Sample data is unavailable for preview

Provenance

Source

Statistics Canada

Collection Method

Nowcasts compiled using an ARIMA model on previous quarterly actuals, disaggregated with a monthly indicator series.

Time Range

null

Freshness

Updated monthly; last update recorded in March 2026.

Geography

Canada (implied by source)