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 -0.1% against a forecast of 1.5%.
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 Annualized result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bearish change | 53.3 | 52.9 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.2% | -0.1% | ||
| Gross Domestic Product (QoQ) | Bullish change | -0.2% | 0% | ||
| 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% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Economic Activity |
| Frequency: | Quarterly |