Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The typical/expected impact on CAD pairs is medium.
There is no forecast value for Gross Domestic Product (MoM) yet - check back for updates.
The most recent announced value for Gross Domestic Product (MoM) was 0% 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 | ||||
---|---|---|---|---|---|
Ivey Purchasing Managers Index | Bearish change | 55.3 | 50.3 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 57.6 | 48.2 | ||
Average Hourly Wages (YoY) | Bearish change | 5.2% | 4.9% | ||
Net Change in Employment | Bullish change | -2.8K | 22.1K | ||
Unemployment Rate | Bearish change | 6.4% | 6.6% | ||
BoC Interest Rate Decision | Bearish change | 4.5% | 4.25% | ||
S&P Global Manufacturing PMI | Bullish change | 47.8 | 49.5 | ||
Gross Domestic Product (QoQ) | Bullish change | 0.4% | 0.5% | ||
Gross Domestic Product Annualized | Bullish change | 1.8% | 2.1% | ||
Current Account | Bearish change | -5.37B | -8.48B |