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 moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales (MoM) | Bullish change | -0.2% | 0.9% | ||
Retail Sales ex Autos (MoM) | Bullish change | 0.3% | 0.4% | ||
BoC Consumer Price Index Core (MoM) | Bearish change | 0.3% | -0.1% | ||
BoC Consumer Price Index Core (YoY) | Bearish change | 1.7% | 1.5% | ||
Consumer Price Index (MoM) | Bearish change | 0.4% | -0.2% | ||
Consumer Price Index (YoY) | Bearish change | 2.5% | 2% |