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 0.2% against a forecast of 0.1%.
Recent economic data has been broadly neutral 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 | 4.25% | 3.75% | ||
BoC Consumer Price Index Core (MoM) | Bullish change | -0.1% | 0% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.5% | 1.6% | ||
Consumer Price Index (MoM) | Bearish change | -0.2% | -0.4% | ||
Consumer Price Index (YoY) | Bearish change | 2% | 1.6% | ||
Average Hourly Wages (YoY) | Bearish change | 4.9% | 4.5% | ||
Net Change in Employment | Bullish change | 22.1K | 46.7K | ||
Unemployment Rate | Bullish change | 6.6% | 6.5% |