Keep an eye on the important release for the loonie

Keep an eye on the important release for the loonie

The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.

The GDP growth represents the change in the inflation-adjusted value of all goods and services produced by the economy. During the previous release, the indicator advanced by 0.5%. That was a higher level than the forecasts by analysts. It made the Canadian dollar rise. Will the situation repeat itself this time? Let's see.

• If the actual level of GDP growth is higher than the forecasts, the Cad will rise;

• If the actual level of GDP growth is lower than the forecasts, the CAD will fall.

Check the economic calendar

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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