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How Will GDP Affect CAD?

How Will GDP Affect CAD?

Updated

What will happen?

Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30.

It's the broadest measure of economic activity and the primary gauge of the economy's health. Gross domestic product measures a change in the inflation-adjusted value of all goods and services produced by the economy.

Last time the result met the expectations, but CAD/CHF demonstrated high volatility.

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How to trade on Canadian GDP?

  • If the GDP is greater than forecast, the CAD is likely to strengthen against other currencies.
  • If the GDP is lower than forecast, the CAD is likely to weaken against other currencies.

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