Breaking News

Canada Gross Domestic Product (GDP) MoM

Latest Release

Nov 30, 2023

Actual

0.2%

Previous

0.1%

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
Dec 22, 2023 (Oct)	08:30			0.1%
Nov 30, 2023	08:35	0.2%		0.1%
Nov 30, 2023 (Sep)	08:30	0.1%	0.0%	0.0%
Oct 31, 2023	07:35	0.0%		0.0%
Oct 31, 2023 (Aug)	07:30	0.0%	0.1%	0.0%
Sep 29, 2023	07:35	0.1%		0.0%

News

Canada’s Economy Shrinks Almost 12% in Historic April Contraction

Canada’s Economy Shrinks Almost 12% in Historic April Contraction By Bloomberg - Jun 30, 2020 1

(Bloomberg) -- Canada’s economic activity collapsed in April, with the country recording its biggest drop in output on record in the first full month of lockdowns to curb the Covid-19 pandemic. Gross...

Economic Calendar - Top 5 Things to Watch This Week

Economic Calendar - Top 5 Things to Watch This Week By Investing.com - May 26, 2019 4

Investing.com - Trade tensions look set to continue to dominate market sentiment this week, but investors will also be closely watching European Union election results, the political leadership race...

Canada’s Economy Shrinks With Poor Weather Adding to Oil Woes

Canada’s Economy Shrinks With Poor Weather Adding to Oil Woes By Bloomberg - Apr 30, 2019 2

(Bloomberg) -- Canada’s economy returned to its sluggish ways in February, with a drop in output that will reinforce expectations of a slow start to the year. Gross domestic product fell 0.1...

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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