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.
Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Gross Domestic Product (MoM) was -0.1% against a forecast of 0%.
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 | 0.3% | -1.1% | ||
Retail Sales ex Autos (MoM) | Bullish change | -0.3% | -0.2% |