Will the Canadian GDP make the CAD stronger?

Will the Canadian GDP make the CAD stronger?

What will happen?

Canada will publish the monthly GDP growth on March 31, at 15:30 MT time. GDP growth is one of the most important indicators of the economic activity of a country. If it recovers quickly, it gives a signal to a central bank that a monetary policy could be adjusted soon. Last time, the Canadian GDP growth revealed an economic expansion of 0.1%, as expected. The CAD had a mixed reaction to this event.

How to trade on the Canadian GDP growth?

Nothing is easier! Open our economic calendar at 15:30 MT on Wednesday and follow the rule below.

  • If the GDP growth is greater than the forecast, the CAD will rise;
  • Otherwise – fall.

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

Check the economic calendar

cadf.jpg

TRADE NOW

Similar

How Low  Can the EUR Plunge?
How Low Can the EUR Plunge?

Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:

Canadian Key Rate is in Focus Today
Canadian Key Rate is in Focus Today

BoC will highly likely leave the rate at 5%. Meanwhile, USDJPY overcame the BOJ intervention level. What's happening in the markets? Check our review here.

Risky Assets Are Flying Again
Risky Assets Are Flying Again

Coinbase (COIN) gained 15% yesterday, and Bitcoin increased over 6% after Grayscale's victory in court against the SEC. Read the full report to get more valuable insights!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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!

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