The typical/expected impact on CAD pairs is high.
The consensus forecast for Gross Domestic Product Annualized is 1.5%. 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 Annualized was -0.6% against a forecast of 0%.
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 Annualized result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Current Account | Bearish change | -1.01B | -7.2B | ||
| Retail Sales (MoM) | Bullish change | 0.7% | 0.9% | ||
| Retail Sales ex Autos (MoM) | Bullish change | 0.6% | 1.4% | ||
| BoC Consumer Price Index Core (MoM) | (no change) | 0.2% | 0.2% | ||
| BoC Consumer Price Index Core (YoY) | Bearish change | 2.5% | 2.1% | ||
| Consumer Price Index (MoM) | Bearish change | 0.9% | 0.4% | ||
| Consumer Price Index (YoY) | Bullish change | 2.4% | 2.8% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Economic Activity |
| Frequency: | Quarterly |