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 0.2% 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 | ||||
---|---|---|---|---|---|
Average Hourly Wages (YoY) | Bullish change | 3.7% | 4% | ||
Net Change in Employment | Bearish change | 76K | 1.1K | ||
Unemployment Rate | (no change) | 6.6% | 6.6% | ||
Ivey Purchasing Managers Index | Bullish change | 46.2 | 53.6 | ||
Ivey Purchasing Managers Index s.a | Bullish change | 47.1 | 55.3 | ||
S&P Global Manufacturing PMI | Bearish change | 51.6 | 47.8 | ||
Gross Domestic Product (QoQ) | Bullish change | 0.5% | 0.6% | ||
Gross Domestic Product Annualized | Bullish change | 2.2% | 2.6% | ||
Current Account | Bearish change | -3.62B | -4.99B |