The typical/expected impact on CAD pairs is medium.
The consensus forecast for Gross Domestic Product (MoM) is 0%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Gross Domestic Product (MoM) was 0.4% against a forecast of 0.3%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales (MoM) | Bullish change | -0.6% | -0.4% | ||
Retail Sales ex Autos (MoM) | Bullish change | 0.1% | 0.5% | ||
BoC Interest Rate Decision | (no change) | 2.75% | 2.75% |