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…
Trade the Canadian dollar on the economic data
The levels of monthly GDP and core retail sales for Canada are expected on December 21, at 15:30 MT time.
Last time analysts forecast GDP to increase by 0.1%, however, the actual data showed a decline of 0.1%. As for retail sales, the actual data released last month outperformed the anticipated increase of 0.1% by the analysts. If this time the releases are higher than the expectations, the CAD will be supported.
• If the indicators are higher than expected, the CAD will rise;
• If the indicators are lower than expected, the CAD will fall.
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The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.
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