The typical/expected impact on CAD pairs is medium.
The consensus forecast for Gross Domestic Product (MoM) is 0.2%. A higher value than forecast tends 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% against a forecast of 0%.
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 | ||||
|---|---|---|---|---|---|
| BoC Interest Rate Decision | Bullish change | 2.25% | 2.5% | ||
| Retail Sales (MoM) | Bullish change | -0.8% | 1.2% | ||
| Retail Sales ex Autos (MoM) | Bullish change | -0.8% | 1.2% | ||
| BoC Consumer Price Index Core (MoM) | Bearish change | 0.1% | 0% | ||
| BoC Consumer Price Index Core (YoY) | Bearish change | 2.4% | 2.2% | ||
| Consumer Price Index (MoM) | Bullish change | -0.1% | 0.1% | ||
| Consumer Price Index (YoY) | Bullish change | 3% | 3.1% |