Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The typical/expected impact on CAD pairs is medium.
There is no forecast value for Gross Domestic Product (MoM) yet - check back for updates.
The most recent announced value for Gross Domestic Product (MoM) was -0.3% against a forecast of 0%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bullish change | 3.6% | 4% | ||
| Net Change in Employment | Bullish change | 60.4K | 66.6K | ||
| Unemployment Rate | Bullish change | 7.1% | 6.9% | ||
| Ivey Purchasing Managers Index | Bearish change | 61.6 | 51.7 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 59.8 | 52.4 | ||
| BoC Interest Rate Decision | Bearish change | 2.5% | 2.25% |