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.
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 0.2% against a forecast of 0.3%.
Recent economic data has been moderately 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) | Bearish change | 2.6% | -0.6% | ||
Retail Sales ex Autos (MoM) | Bearish change | 2.9% | 0.2% | ||
BoC Consumer Price Index Core (MoM) | Bullish change | 0.4% | 0.7% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 2.1% | 2.7% | ||
Consumer Price Index (MoM) | Bullish change | 0.1% | 1.1% | ||
Consumer Price Index (YoY) | Bullish change | 1.9% | 2.6% | ||
BoC Interest Rate Decision | Bearish change | 3% | 2.75% |