Will the CAD rise on a strong GDP growth?

Will the CAD rise on a strong GDP growth?

Canadian monthly GDP growth rate is announced on Tuesday at 15:30 MT time.


Instruments to trade: USD/CAD; AUD/CAD; CAD/JPY; GBP/CAD


The contraction of 7.2% that was brought by March was the biggest on record for the Canadian economy. However, March was not the last month during which the virus showed its true extent – it was April. Although some sectors such as the stock market already saw signs of recovery, the real economy was still under pressure. The estimation provided by the Canadian office of national statistics is 11% for April – that’s what the market factored in. That’s why a figure at or above this level will push the CAD, while any underperformance will drag it down. 


  • If the GDP growth is better than expected, the CAD will rise;
  • Otherwise, it will fall.


Check the economic calendar


                                                                                                       LOG IN


Bank of England’s Statement
Bank of England’s Statement

The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.

Latest news

Is European Economy Healthy Enough?
Is European Economy Healthy Enough?

Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.

ZEW Sentiment Will Help the Euro
ZEW Sentiment Will Help the Euro

Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2

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.


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