Will the BOC strengthen the CAD even more?
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
Take a chance to trade the CAD on an important release
Canada will publish gross domestic product or GDP at 15:30 MT time on November 30.
GDP measures the economic activity of a country. Last time analysts expected a decline in the data. However, the actual figure showed an increase by 0.1%. We will see whether the data will surprise with a rise this time.
• If the GDP is higher than expected, the CAD will rise.
• If the GDP is lower than expected, the CAD will fall.
Similar
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Risk-on keeps driving the market
The US dollar keeps falling for the third day in a row, whereas riskier assets are rising. Let’s discuss the main market events and analyze the charts.
Latest news
EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The ECB is going to move the euro
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
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