Breaking News

Canada Gross Domestic Product (GDP) MoM

Latest Release

Mar 28, 2024

Actual

0.4%

Previous

0.6%

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health. Canada releases fresh GDP data on a monthly basis.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.

Importance:

Country:

Currency: CAD

Source: Statistics Canada

Release Date	Time	Actual	Forecast	Previous
Apr 30, 2024 (Feb)	08:30			0.6%
Mar 28, 2024 (Feb)	08:31	0.4%		0.6%
Mar 28, 2024 (Jan)	08:30	0.6%	0.4%	-0.1%
Feb 29, 2024 (Jan)	09:31	0.4%		0.3%
Feb 29, 2024 (Dec)	09:30	0.0%	0.2%	0.2%
Jan 31, 2024 (Dec)	09:31	0.3%		0.2%

News

TSX starts week on negative note ahead of key data, big bank earnings

TSX starts week on negative note ahead of key data, big bank earnings By Investing.com - Feb 26, 2024

Investing.com — Canada’s main stock index, the S&P/TSX Composite tracked the S&P500 and Dow lower on Monday, as market sentiment remains cautious ahead of key economic data this...

Canadian Dollar weakens as Fed decision overshadows domestic GDP data

Canadian Dollar weakens as Fed decision overshadows domestic GDP data By Investing.com - Jan 31, 2024

By Ketki Saxena Investing.com – The Canadian dollar weakened against its US counterpart today, hit by risk-off sentiment after Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) earnings...

TSX declines, Wall Street mixed as Fed signals no rush to cut rates

TSX declines, Wall Street mixed as Fed signals no rush to cut rates By Investing.com - Jan 31, 2024

Investing.com — Canada’s main stock index, the S&P/TSX slid by late afternoon trading, while Wall Street’s main indices remained mixed following a decision from the US Federal...

Analysis

Canadian Dollar Edges Lower Ahead of Canadian GDP By Kenny Fisher - May 31, 2023

Canada to release GDP US debt ceiling deal off to Congress The Canadian dollar is trading close to a two-month low, as the currency remains under pressure. USD/CAD is trading at 1.3646 in the European...

USD/CAD – Canadian Dollar Edges Lower Ahead of US, Canadian Mfg. PMIs By Kenny Fisher - May 01, 2023 1

Canada’s GDP rose 0.1% in March US, Canada to release Manufacturing PMIs After a 2 day mini-rally, the Canadian dollar is lower on Monday. In the European session, USD/CAD is trading at 1.3569,...

Week Ahead: U.S., Eurozone Q1 GDP Estimates; Ueda Leads First BOJ Meeting By Marc Chandler - Apr 23, 2023

As April draws to a close, the systemic stress in the banking sector continues to subside, and the market is turning its attention to likely rate hikes by Federal Reserve and European Central Bank in...

GDP (MoM) Discussion

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All Comments (24)

Jeff Blacca Oct 31, 2019 3:21AM ET

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I predict a bearish outcome so SELL CADJPY and BUY GBPCAD at exactly 12.29pm GMT 0 Thank Me Later Jeff Blacca.......Astra Fundamental Group

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Jeff Blacca Oct 31, 2019 3:21AM ET

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prediction correct

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Nuwan weerasinghe Oct 31, 2017 4:09AM ET

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hello .USDCAD will be go Buy of Sell ?

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Siam Connor Jan 31, 2017 7:47AM ET

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guys, CAD will be get stronger or weaker ?

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Shariar Shakil Jan 31, 2017 7:47AM ET

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I think CAD will be stronger.

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Ray Sharma Jan 31, 2017 7:47AM ET

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I believe it will get weaker due to oil surplus in the market.

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Dilina Sandika Nov 28, 2014 4:31AM ET

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should be down

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Greg S. Aug 28, 2014 8:07PM ET

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96.5 are you serious?? CAD is going down not up!

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zubair jafar Aug 28, 2014 1:44PM ET

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About CAD .. up or down ?.

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THE ULTIMATE BEAR Aug 28, 2014 1:44PM ET

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up target 96.5

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Gustavo Damasio Aug 27, 2014 9:22AM ET

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Why MoM is more important than QoQ?

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THE ULTIMATE BEAR Aug 27, 2014 9:22AM ET

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cuz it static moving changing u get updates on the economy. yoy is average for a year so u can get a awesome jan and awful dec but u still come out fair data.

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THE ULTIMATE BEAR Jul 31, 2014 8:55AM ET

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of courseCAD is going up waiting for the stock to open 0930 dont worry

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Maario Hansman Jul 31, 2014 8:36AM ET

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is CAD go up today?

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Amol Bhoye Jun 30, 2014 8:34AM ET

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why cad went down?

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