Major Event Alert: Canadian Retail Sales
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
How Will GDP Affect CAD?
What will happen?
Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30.
It's the broadest measure of economic activity and the primary gauge of the economy's health. Gross domestic product measures a change in the inflation-adjusted value of all goods and services produced by the economy.
Last time the result met the expectations, but CAD/CHF demonstrated high volatility.
How to trade on Canadian GDP?
- If the GDP is greater than forecast, the CAD is likely to strengthen against other currencies.
- If the GDP is lower than forecast, the CAD is likely to weaken against other currencies.
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