The typical/expected impact on CAD pairs is medium.
The consensus forecast for Gross Domestic Product (MoM) is -0.1%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Gross Domestic Product (MoM) was 0.3% against a forecast of 0.1%.
Recent economic data has been strongly 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 | 3.25% | 3% | ||
Retail Sales (MoM) | Bearish change | 0.6% | 0% | ||
Retail Sales ex Autos (MoM) | Bearish change | -0.1% | -0.7% | ||
BoC Consumer Price Index Core (MoM) | Bearish change | -0.1% | -0.3% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.6% | 1.8% | ||
Consumer Price Index (MoM) | Bearish change | 0% | -0.4% | ||
Consumer Price Index (YoY) | Bearish change | 1.9% | 1.8% |