Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD
GDP is one of the most important indicators of the economic activity of a country. It represents the inflation-adjusted value of all goods and services produced by the economy. According to September’s release of Canadian GDP growth, the supportive measures by the government and the Bank of Canada helped the Canadian economy to recover. The indicator advanced by 3% (vs. the forecast of 2.9%). This was the fourth in a row bigger-than-expected release of the Canadian GDP. The Canadian dollar strengthened significantly after the release.
- If the GDP growth is higher than the forecast, the CAD will rise;
- If the GDP growth is lower than the forecast, the CAD will fall.
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.