Another opportunity for the Canadian dollar

Another opportunity for the Canadian dollar

The level of GDP growth for Canada will be published at 14:30 MT time. This indicator is the broadest measure of economic activity which reflects the economic health of the country. Last time, the indicator came out lower than the expectations. It made the Canadian dollar suffer. If this time the situation is different, we may see the CAD going up.

• If the actual level of GDP growth is higher, the CAD will go up;

• If the actual level of GDP growth is lower, the CAD will go down.

Check the economic calendar

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