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 0.1% against a forecast of 0.3%.
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 | ||||
---|---|---|---|---|---|
BoC Interest Rate Decision | Bearish change | 3.75% | 3.25% | ||
Ivey Purchasing Managers Index | Bearish change | 52.2 | 49.7 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 52 | 52.3 | ||
Average Hourly Wages (YoY) | Bearish change | 4.9% | 3.9% | ||
Net Change in Employment | Bullish change | 14.5K | 50.5K | ||
Unemployment Rate | Bearish change | 6.5% | 6.8% | ||
S&P Global Manufacturing PMI | Bullish change | 51.1 | 52 |