Will the Canadian dollar strengthen?

Will the Canadian dollar strengthen?

Canada will release its GDP growth rate at 15:30 MT time on November 29. The indicator represents the change in the inflation-adjusted value of all goods and services produced by the economy.  It shows the economic health of a country. If it increases, the central bank considers raising the interest rate. As a result, the Canadian dollar gets stronger.  During the previous release, the indicator came out lower than the forecasts. It advanced only by 0.1% (vs. the forecast of +0.2%). Let’s see what to expect this time. 

• If the indicator is greater than the expectations, the CAD will go up.

• If the indicator is weaker than the expectations, the CAD will go down. 

Check the economic calendar 


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