The typical/expected impact on CAD pairs is medium.
The consensus forecast for Gross Domestic Product (MoM) is 0.3%. A higher value than forecast tends 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% against a forecast of 0%.
Recent economic data has been strongly bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales (MoM) | (no change) | 0.4% | 0.4% | ||
Retail Sales ex Autos (MoM) | Bullish change | -0.8% | 0.9% | ||
BoC Consumer Price Index Core (MoM) | Bullish change | 0% | 0.4% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.6% | 1.7% | ||
Consumer Price Index (MoM) | Bullish change | -0.4% | 0.4% | ||
Consumer Price Index (YoY) | Bullish change | 1.6% | 2% |