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 0.2%.
Recent economic data has been moderately bearish 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) | Bullish change | -0.9% | -0.2% | ||
| Retail Sales ex Autos (MoM) | Bearish change | -0.1% | -0.6% | ||
| BoC Consumer Price Index Core (MoM) | Bearish change | 0.6% | -0.1% | ||
| BoC Consumer Price Index Core (YoY) | (no change) | 2.9% | 2.9% | ||
| Consumer Price Index (MoM) | Bearish change | 0.2% | 0.1% | ||
| Consumer Price Index (YoY) | (no change) | 2.2% | 2.2% | ||
| BoC Interest Rate Decision | (no change) | 2.25% | 2.25% |