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).
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).