The CAD May Rise on Economic Data

The CAD May Rise on Economic Data

What will happen?

Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3). This is one of the most important economic indicators. It shows the change in the value of goods and services produced by the economy in comparison to the previous month. In March, the GDP growth outperformed the forecasts. The indicator grew 1.1%, beating analysts’ estimates of 1%.

How to trade on the Canadian GDP?

If you want to trade on the release of this indicator, follow the economic calendar, compare the release with the forecasts and place an order afterward.

  • If the actual figures are higher than the forecasts, the CAD will rise;
  • Alternatively, the CAD will weaken.

Instruments to trade: USD/CAD, GBP/CAD, CAD/JPY

Check the economic calendar

c1ad5634523.jpg

START TRADING

Similar

How Will GDP Affect CAD?
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…

Latest news

Will USD Stop Falling Today? Market Wrap
Will USD Stop Falling Today? Market Wrap

The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong. 

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

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

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera